NEW DELHI: Indian Renewable Energy Development Agency Ltd. (IREDA) achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crore in its audited monetary outcomes for the fiscal 12 months 2023-24, the corporate knowledgeable in an change submitting on Friday.
The mortgage disbursement quantity of IREDA additionally elevated to all time high. The Loan Book (lending) of IREDA elevated from Rs.47,052.52 crores as on thirty first March 2023 to Rs. 59,698.11 crores as on thirty first March 2024, a progress of 26.81%. The firm has additionally achieved all-time high annual Loan Sanctions of Rs. 37,353.68 crore and Disbursements of Rs. 25,089.04 crore in FY 2023-24, a rise of 14.63% and 15.94% respectively, over the earlier monetary 12 months.
“IREDA’s steadfast commitment to accelerating the adoption of renewable energy solutions in India, indicating a promising trajectory for investors and stakeholders” mentioned Pradip Kumar Das, Chairman & Managing Director of IREDA.
The net-worth of the corporate as on thirty first March 2024 reached Rs. 8,559.43 crore in comparison with Rs. 5,935.17 crore as of thirty first March 2023, indicating a rise of 44.22%. It signifies a rise of 44.22%.
The firm confirmed a progress of 44.83% over the earlier fiscal 12 months 2022-23 and has decreased its Net Non-Performing Assets (NPAs) to 0.99% in FY 2023-24 from 1.66% in FY 2022-23, marking a discount of 40.52% year-on-year.
The Board of Directors recommended IREDA’s efficiency throughout a gathering held on the Registered Office, the place they accredited the Audited Financial Results for FY 2023-24.
Indian Renewable Energy Development Agency Ltd. (IREDA) is a Mini Ratna (Category – I) Government of India Enterprise beneath the executive management of Ministry of New and Renewable Energy (MNRE).
It is India’s largest inexperienced financing NBFC (Non-Banking Financial Company) which supplies monetary help and different companies to initiatives associated to renewable sources of vitality and vitality effectivity/conservation.
IREDA was established in 1987 engaged in selling, growing and lengthening monetary help for establishing initiatives referring to new and renewable sources of vitality and vitality effectivity/conservation.
The mortgage disbursement quantity of IREDA additionally elevated to all time high. The Loan Book (lending) of IREDA elevated from Rs.47,052.52 crores as on thirty first March 2023 to Rs. 59,698.11 crores as on thirty first March 2024, a progress of 26.81%. The firm has additionally achieved all-time high annual Loan Sanctions of Rs. 37,353.68 crore and Disbursements of Rs. 25,089.04 crore in FY 2023-24, a rise of 14.63% and 15.94% respectively, over the earlier monetary 12 months.
“IREDA’s steadfast commitment to accelerating the adoption of renewable energy solutions in India, indicating a promising trajectory for investors and stakeholders” mentioned Pradip Kumar Das, Chairman & Managing Director of IREDA.
The net-worth of the corporate as on thirty first March 2024 reached Rs. 8,559.43 crore in comparison with Rs. 5,935.17 crore as of thirty first March 2023, indicating a rise of 44.22%. It signifies a rise of 44.22%.
The firm confirmed a progress of 44.83% over the earlier fiscal 12 months 2022-23 and has decreased its Net Non-Performing Assets (NPAs) to 0.99% in FY 2023-24 from 1.66% in FY 2022-23, marking a discount of 40.52% year-on-year.
The Board of Directors recommended IREDA’s efficiency throughout a gathering held on the Registered Office, the place they accredited the Audited Financial Results for FY 2023-24.
Indian Renewable Energy Development Agency Ltd. (IREDA) is a Mini Ratna (Category – I) Government of India Enterprise beneath the executive management of Ministry of New and Renewable Energy (MNRE).
It is India’s largest inexperienced financing NBFC (Non-Banking Financial Company) which supplies monetary help and different companies to initiatives associated to renewable sources of vitality and vitality effectivity/conservation.
IREDA was established in 1987 engaged in selling, growing and lengthening monetary help for establishing initiatives referring to new and renewable sources of vitality and vitality effectivity/conservation.
