01-Apr-2026      10:32

IREDA rallies after loan book climbs 22% YoY in March'26

As on 31st March 2026, loan sanctioned rose 9% YoY to Rs 51,883 crore and loan disbursements climbed 16% YoY to Rs 34,946 crore.

Meanwhile, the company's wholly owned subsidiary, IREDA Global Green Energy Finance IFSC (IGGEFIL) received international credit ratings from CareEdge Global Ratings. IGGEFIL has been assigned a Long-Term Foreign Currency Issuer Rating of 'BBB+/Stable', which is at par with India's sovereign rating.

Seperately, the company has signed a facility agreement for raising External Commercial Borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) for JPY 28 billion, including a green shoe option of JPY 12 billion.

IREDA is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.

The company 's consolidated net profit rallied 15.42% to Rs 1,381.36 crore on 26.80% increase in total revenue from operations to Rs 6,135.08 crore in Q3 FY26 over Q3 FY25.

News source: Capital Market - Live News