Indian Renewable Energy Development Agency Limited (IREDA) has reported an all-time high annual profit after tax of Rs 8.65 billion in 2022-23, recording a significant growth of 36 per cent over 2021-22.
IREDA’s net non-performing assets have been reduced to 1.66 per cent in 2022-23 from 3.12 per cent in 2021-22, a significant reduction of 47 per cent on year-on-year basis. The loan book of IREDA has grown from Rs 339.31 billion as on March 31, 2022 to Rs 470.76 billion as on March 31, 2023, registering a growth of 39 per cent. The company has achieved all-time high annual loan sanctions of Rs 325.87 billion and disbursements of Rs 216.39 billion in 2022-23, registering an increase of 36 per cent and 35 per cent respectively, over previous financial year loan sanctions of Rs 239.21 billion and disbursements of Rs 160.71 billion.