Indian Renewable Energy Development Agency Ltd
TG.350
symmetrical pattern
ABOUT
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.
The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015.
RBI classified company as “Infrastructure Finance Company”.[1]
Indian Renewable Energy Development Agency Ltd
ABOUT [ edit ]
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.
The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015.
RBI classified company as “Infrastructure Finance Company”.[1]
KEY POINTS [ edit ]
Business Profile[1]
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission.
Projects[1] IREDA has financed projects across multiple RE sectors such as solar power, wind power, hydropower, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility.
Geographical Presence[2] IREDA has a geographically diversified portfolio across 23 states and 4 union territories in FY24.
Loan Book[3]
IREDA has a diversified loan book of Rs. 60,000 crs. in FY24. It has demonstrated strong growth of 27% from FY23. 75% of outstanding loan to Private Sector.
Sector Split[4]
Solar Thermal/ SPV: 27%
Wind: 18%
Loan facility to State Utilities - Others : 14%
Hudro Power: 12%
Loan facility to State Utilities - Genco : 7%
Manufacturing : 6%
Ethanol : 5%
Others: 11%
Loan Sanctions & Disbursement[5]
Loan Sanctions of Rs.37,353.68 Cr and Disbursements of Rs.25,089.04 Cr in FY24, registering an increase of 14.63% and 15.94% respectively, over FY23 loan sanctions of Rs.32,586.60 Cr. and disbursements of Rs.21,639.21 Cr.
Loan Concentration[6]
Thepercentage of exposures to the twenty largest borrowers at 52.53%.
symmetrical pattern
ABOUT
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.
The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015.
RBI classified company as “Infrastructure Finance Company”.[1]
Indian Renewable Energy Development Agency Ltd
ABOUT [ edit ]
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.
The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015.
RBI classified company as “Infrastructure Finance Company”.[1]
KEY POINTS [ edit ]
Business Profile[1]
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission.
Projects[1] IREDA has financed projects across multiple RE sectors such as solar power, wind power, hydropower, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility.
Geographical Presence[2] IREDA has a geographically diversified portfolio across 23 states and 4 union territories in FY24.
Loan Book[3]
IREDA has a diversified loan book of Rs. 60,000 crs. in FY24. It has demonstrated strong growth of 27% from FY23. 75% of outstanding loan to Private Sector.
Sector Split[4]
Solar Thermal/ SPV: 27%
Wind: 18%
Loan facility to State Utilities - Others : 14%
Hudro Power: 12%
Loan facility to State Utilities - Genco : 7%
Manufacturing : 6%
Ethanol : 5%
Others: 11%
Loan Sanctions & Disbursement[5]
Loan Sanctions of Rs.37,353.68 Cr and Disbursements of Rs.25,089.04 Cr in FY24, registering an increase of 14.63% and 15.94% respectively, over FY23 loan sanctions of Rs.32,586.60 Cr. and disbursements of Rs.21,639.21 Cr.
Loan Concentration[6]
Thepercentage of exposures to the twenty largest borrowers at 52.53%.
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