India’s renewable energy financing powerhouse, IREDA, kicked off the new financial year with impressive numbers. In the first half of FY26, the agency sanctioned loans worth Rs 33,148 crore—an 86% jump from Rs 17,860 crore in the same period last year. This surge highlights IREDA’s growing role in supporting clean energy projects across the country.
Loan disbursements didn’t lag behind, climbing 54% to Rs 15,043 crore from Rs 9,787 crore in H1 FY25. As of September 30, 2025, IREDA’s outstanding loan book reached Rs 84,445 crore, marking a solid 31% increase over Rs 64,564 crore from the previous year.
Pradip Kumar Das, IREDA’s Chairman and Managing Director, shared his excitement about the results. “The momentum in the first half of this financial year shows IREDA’s strong leadership in renewable energy financing,” Das said. “We’ll keep building on this to ramp up support for clean energy initiatives that align with India’s green energy goals.” He thanked the government, stakeholders, and his team for their ongoing support in driving this growth.
For those unfamiliar, IREDA is a public sector enterprise focused on providing financial help and services to renewable energy projects, as well as energy efficiency and conservation efforts.
Adding to the positive news, IREDA recently raised Rs 453 crore through its second issuance of perpetual bonds on September 11. These bonds carry a 7.70% annual interest rate and drew huge investor interest, with bids totaling Rs 1,343 crore—oversubscribing the issue 2.69 times against a base size of Rs 100 crore and a green shoe option of Rs 400 crore.
Das emphasized how these funds will bolster IREDA’s capital. “These bonds strengthen our Tier-I capital and let us expand renewable energy financing, speeding up India’s shift to a greener, more sustainable future,” he added.
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