Indian Renewable Energy Development Agency (IREDA) has posted strong business growth in the first quarter of fiscal year 2025-26. The public sector company stated on Monday that its sanctioned loan amount stood at Rs 11,740 crore in Q1 FY26.
IREDA loan sanctions, disbursements surge
IREDA said in a statement that its loan sanction amount saw a growth of 29 per cent year-on-year and stood at Rs 9,136 crore in the corresponding quarter of FY25. Furthermore, Navratna Company’s loan disbursement amount also increased by 31% on a YoY basis.
The company posted Rs 6,981 crore in total loan disbursement in Q1FY26 against Rs 5,326 crore in the same quarter the year before. Commenting on IREDA’s business growth in the quarter, Pradip Kumar Das, Chairman and Managing Director of IREDA, said in a statement, “Our first quarter growth underscores IREDA’s crucial role in powering India’s renewable energy ecosystem. The numbers reflect both increasing demand and our readiness to respond with effective financing solutions.”
IREDA loan book in Q1FY26
IREDA’s outstanding loan book also registered a 27% year-on-year growth in the first quarter. Its outstanding loan amount stood at Rs 79,960 crore at the end of the quarter. In the first quarter of fiscal year 2024-25, its outstanding loan amount was Rs 63,207 crore.
IREDA’s portfolio
IREDA is the foremost Indian government enterprise which finances renewable energy projects. It finances projects ranging from solar and wind projects to biomass and cogeneration projects.
As of March 31, IREDA’s loan portfolio consisted of a large share of solar, wind, and hydro projects and loans to state utilities. Loans for the solar projects make up 24.5% of IREDA’s portfolio, while wind and small hydro projects have a 17.5% and 11.4% share in IREDA’s loan portfolio, respectively. Loans for state utilities make up about 24% of IREDA’s loan portfolio.