Indian Renewable Energy Development Agency Ltd. (IREDA) has posted impressive growth for the quarter ending December 31, 2024. According to preliminary data, IREDA sanctioned loans worth ₹31,087 crore in Q3, reflecting an exceptional 129% year-on-year (Y-o-Y) increase from ₹13,558 crore in the same period last year.
Loan disbursements also saw substantial growth, rising by 41% Y-o-Y to ₹17,236 crore, up from ₹12,220 crore in the previous year. The agency’s outstanding loan book grew by 36%, reaching ₹69,000 crore as of December 31, 2024, compared to ₹50,580 crore last year.
Additionally, IREDA has been recognized as one of India’s Top 5 Wealth Creators for the period from November 2023 to November 2024, securing an impressive 2nd position on the prestigious list published by a leading business daily. Notably, IREDA is the only public sector enterprise to feature in this ranking, underlining its role in driving wealth creation and excellence in the renewable energy sector.
Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, commented, “Our outstanding performance highlights IREDA’s dedication to supporting India’s renewable energy transformation. The 129% growth in loan sanctions reflects the increasing trust placed in our ability to support green energy projects. Being recognized as a top wealth creator, especially as the sole PSU on the list, reaffirms our focus on innovation, sustainability, and good governance. We are committed to helping power a greener, self-reliant India.”
Indian Renewable Energy Development Agency Limited (IREDA) is a premier financial institution in India, dedicated to accelerating the adoption and growth of renewable energy projects across the country. Established under the Ministry of New and Renewable Energy (MNRE), IREDA provides innovative financing solutions to support diverse green energy initiatives, including solar, wind, biomass, and small hydropower projects. With a strong commitment to sustainability and environmental preservation, IREDA has played a crucial role in enabling India’s transition to clean energy. By fostering partnerships and offering customized financial products, IREDA continues to empower stakeholders, reduce carbon emissions, and contribute significantly to India’s ambitious renewable energy targets.
