IREDA Loan Sanctions Surge 300% to Rs 17,869 Crore
Oct 01, 2024 12:28
IREDA's loan sanctions jumped 303% year-on-year to Rs 17,860 crore in April-September, reflecting strong demand for clean energy financing.
New Delhi, Oct 1 (PTI) Indian Renewable Energy Development Agency Ltd (IREDA) has said that its loan sanctions jumped 303 per cent year-on-year to Rs 17,860 crore in the April-September period of this fiscal.
Loan disbursements also saw significant growth, increasing by 56 per cent to Rs 9,787 crore from Rs 6,273 crore recorded in September 2023, the company said in a statement on Monday.
The company's loan book outstanding stood at Rs 64,500 crore, up 36 per cent from Rs 47,514 crore in the previous year.
"IREDA's strong financial results highlight the increasing demand for clean energy financing and our dedication to supporting the green energy transition," Pradip Kumar Das, CMD of IREDA, said.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Sensex, Nifty Fall for 3rd Day: FIIs Sell, Oil...
Sensex and Nifty closed lower for the third consecutive day due to profit-taking in oil...
Govt to Tweak MedTech & Pharma Regulations:...
Niti Aayog member VK Paul says the government is considering changes to regulations for...
Coal India Production Drops in September 2023
Coal India's coal production declined by 1% in September 2023 to 50.9 MT, but its...
PM E-DRIVE: Rs 10,900 Cr Scheme for Electric...
India launches PM E-DRIVE, a Rs 10,900 crore scheme to accelerate electric vehicle...
Amazon Festive Sale Sees Surge in Tier-2 City...
Amazon India's Great Indian Festival sale saw 80% of customer visits in the first 48...
GST Anti-Profiteering Sunset Date: Apr 1, 2025
Indian government sets April 1, 2025, as the sunset date for GST anti-profiteering....
MilkLane Launches Antibiotic-Safe Milk...
MilkLane, a dairy brand under Innoterra, launches a procurement service providing...
TVS Motor Sales Surge 20% in September 2024
TVS Motor Company reports a 20% increase in sales in September 2024, reaching 4,82,495...
Avaada Group to Invest Rs 1 Lakh Cr in...
Avaada Group announces Rs 1 lakh crore investment in Rajasthan for green energy...
Govt Extends MIP on Synthetic Knitted Fabrics...
The Indian government has extended the minimum import price (MIP) on synthetic knitted...
Read More »