Ireda loan disbursement up 41% to Rs 17,236 crore in December quarter

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As per provisional figures, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter, marking an extraordinary 129 per cent Year-on-Year (YoY) rise compared to Rs 13,558 crore in the corresponding period last year, according to a company statement issued late Tuesday evening.

State-owned Indian Renewable Energy Development Agency (IREDA) has logged 41 per cent loan disbursement growth to Rs 17,236 crore in the December quarter.

The outstanding loan book surged by 36 per cent, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year.

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Category: BusinessFinance

Markets: India

Topics: Renewable energy Companies Ireda Indian Renewable Energy Development Agency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 10:11:07 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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