IREDA Sanctioned Rs 37,354 Crore And Disbursed Rs 25,089 Crore In Loans In FY24

State-owned Indian Renewable Energy Development Agency Ltd. on Monday announced that the company has sanctioned Rs 37,354 crore in loans and disbursed Rs 25,089 crore in FY24.

During the company's annual general meeting, Chairman and Managing Director PK Das said that the company's net worth stood at Rs 8,559 crore at the end of the March quarter, a company statement said.

On June 21, IREDA raised Rs 1,500 crore through a bond issue, which was oversubscribed by 2.65 times. The bond issuance, which consisted of a base issue of Rs 500 crore and a green-shoe option of Rs 1,000 crore, received an "overwhelming response from investors", according to a company statement . 

(With inputs from PTI)