IREDA Sees 27% Increase in Loan Sanctions, Reaching ₹47,453 Crore in FY25

Key Takeaways

IREDA reported a 27% increase in loan sanctions, totaling Rs 47,453 crore for 2024-25.
Loan disbursements grew by 20%, rising to Rs 30,168 crore from Rs 25,089 crore in the previous year.
The outstanding loan book expanded by 28%, reaching Rs 76,250 crore as of March 31, 2025.

IREDA’s Impressive Growth in Renewable Energy Financing

State-owned Indian Renewable Energy Development Agency Limited (IREDA) reported significant growth in its financing activities for the fiscal year 2024-25. The agency sanctioned loans amounting to Rs 47,453 crore, reflecting a substantial 27 percent increase from Rs 37,354 crore in the previous year. This surge highlights IREDA’s proactive approach in supporting India’s transition to renewable energy.

In addition to the rise in sanctioned loans, IREDA also saw a 20 percent increase in loan disbursements, which reached Rs 30,168 crore compared to Rs 25,089 crore in the fiscal year 2023-24. This growth in disbursements further reinforces the agency’s commitment to promoting renewable energy initiatives across the country.

The total outstanding loan book of IREDA expanded by 28 percent, growing to Rs 76,250 crore as of March 31, 2025, up from Rs 59,698 crore the previous year. This growth showcases the agency’s ongoing support for financing projects that assist in achieving India’s clean energy goals.

Pradip Kumar Das, the Chairman and Managing Director of IREDA, emphasized the agency’s dedication to renewable energy financing. He stated, “Our consistent growth in loan sanctions, disbursements, and loan book reflects our strong dedication to financing renewable energy projects. We remain committed to supporting India’s clean energy transition through innovative and accessible financing solutions.”

IREDA operates as a non-banking financial institution under the Ministry of New and Renewable Energy, contributing significantly to the advancement of sustainable energy initiatives throughout India. The agency’s results indicate a robust engagement with the renewable sector and express confidence in the future of green financing. With continued support from IREDA, the outlook for renewable energy projects in India remains optimistic.

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