New Delhi: Indian Renewable Energy Development Agency Ltd (IREDA) has achieved a significant milestone by achieving the loan disbursement of Rs 16,320 during FY 2022-23. The earlier highest annual loan disbursement was during FY 2021-22 of Rs 16,071 crore.

IREDA also crossed the highest annual loan sanction of Rs 23,921 crore (loan sanction in FY 2021-22) and touched loan sanction of Rs 32,578 crore as on 27th March 2023.

The company has been actively contributing to India's transition towards a sustainable and clean energy future by providing financial assistance to Renewable Energy projects across the country at competitive rates.

Speaking on this achievement, Pradip Kumar Das, Chairman and Managing Director, IREDA, said: “The record-breaking loan disbursement and sanction reflects the company's commitment towards its mission of promoting and financing Renewable Energy projects in India.” /BI/