IREDA Hits Record Sanction and Disbursement Figures in FY24

IREDA, a state-owned financial institution under the Ministry of New and Renewable Energy, sanctioned a record Rs 37,354 crore and disbursed Rs 25,089 crore in FY24, as announced by its CMD, PK Das. The company’s net worth at the end of March stood at Rs 8,559 crore.

IREDA, the state-owned financial institution, announced a remarkable achievement in its annual general meeting. The company sanctioned an unprecedented Rs 37,354 crore and disbursed Rs 25,089 crore in FY24, said CMD PK Das on Monday.

By the end of the March quarter, IREDA's net worth was recorded at Rs 8,559 crore, according to a company statement.

Operating under the Ministry of New and Renewable Energy, IREDA's mission is to promote, develop, and offer financial assistance for projects focused on new and renewable energy sources and power efficiency/conservation.