New Delhi, Oct 1 (NationPress) The Indian Renewable Energy Development Agency (IREDA) announced on Wednesday that its loan approvals have skyrocketed by 86 percent to Rs 33,148 crore in the first half of the current fiscal year (FY26), in comparison to Rs 17,860 crore during the same timeframe last fiscal year.

Loan disbursements also showcased impressive growth, increasing by 54 percent to Rs 15,043 crore in H1 FY26 from Rs 9,787 crore in H1 of FY25.

The public sector entity's outstanding loan portfolio reached Rs 84,445 crore as of September 30, 2025, marking a 31 percent rise from Rs 64,564 crore during the same period in the prior financial year.

IREDA has demonstrated a strong performance throughout the current fiscal year, recording significant improvements in its primary business metrics for the half-year period that ended on September 30, 2025, according to provisional data.

“The progress we have made in the first half of this fiscal year is a clear sign of IREDA’s ongoing leadership in financing renewable energy projects. We plan to build upon this foundation to further enhance our support for clean energy initiatives in alignment with the nation’s green energy objectives,” stated Pradip Kumar Das, Chairman and Managing Director of IREDA.

He expressed gratitude to the government and all stakeholders for their unwavering guidance and support, and commended Team IREDA for their commitment and contributions to maintaining consistent growth.

IREDA is an Indian public sector organization that offers financial assistance and various services to projects associated with renewable energy sources and energy efficiency/conservation.

Last month, IREDA revealed that it successfully raised Rs 453 crore through its second issuance of perpetual bonds, which offer a 7.70 percent annual interest rate. This fundraising occurred on September 11 and received a strong reaction from investors, with bids totaling Rs 1,343 crore.

With a base size of Rs 100 crore and a green shoe option of Rs 400 crore, the issue was oversubscribed by 2.69 times.

IREDA stated that the funds acquired will bolster its capital base and facilitate the financing of renewable energy projects nationwide.

“These bonds will enhance our Tier-I Capital and assist in scaling up renewable energy financing, propelling India towards a greener and more sustainable future,” Das emphasized, adding that the bonds would expedite financing and promote a transition to a more sustainable future.