IREDA sanctions Rs 117.40 billion in Q1

The Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs 117.40 billion in loans during the first quarter of FY26, marking a 29 per cent increase from Rs 91.36 billion in the same period last year.

Loan disbursements also rose by 31 per cent year-on-year to Rs 69.81 billion. IREDA’s outstanding loan book stood at Rs 799.60 billion at the end of the quarter, 27 per cent higher than the Rs 632.07 billion recorded in Q1 FY25.

The financial results were well received by the market. IREDA’s share price rose by 3 per cent on July 1, 2025, following the announcement, according to Samco Securities. The stock, which was listed at Rs 32 in November 2023, reached a high of Rs 310 in early 2024. It now trades roughly 30 per cent below that peak.

In June 2025, IREDA raised Rs 20.06 billion through a Qualified Institutional Placement (QIP), issuing 121.5 million equity shares at Rs 165.14 per share. This included a premium of Rs 155.14 and was priced at a 5 per cent discount to the floor price.

The capital raise is expected to support IREDA’s expansion into larger and more diverse renewable energy projects.