IREDA board approves borrowing ₹30,800 crore for FY25-26; check details

The state-owned Indian Renewable Energy Development Agency Limited (IREDA) board on Tuesday, March 25, approved a borrowing programme of up to ₹30,800 crore for financial year 2025-26.

The borrowing includes fundraising through taxable bonds and others, the company said in a regulatory filing.

“In compliance with the provision of Regulation 30 and 51(2) read with Schedule III of SEBI (LODR) Regulation 2015, this is to inform that the Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) in its meeting held today, i.e., Tuesday, March 25, 2025, inter alia, has approved the borrowing programme up to ₹30,800 crore for FY 2025-26,” IREDA said in a statement.

Last week, IREDA’s board of directors had approved the enhancement of the borrowing programme for FY25 by ₹5,000 crore. The company’s borrowing limit for FY 2024-25 had been increased to ₹29,200 crore from the previous ₹24,200 crore.

Shares of IREDA closed at ₹168.10 apiece, falling 1.14% on Tuesday.

For the October-December quarters, IREDA’s revenue from operations jumped 36% year-on-year (YoY) to ₹1,698 crore, while net profit for the quarter also increased 27% YoY to ₹426 crore.

On the operational front, the company’s operating income jumped 51% YoY to ₹652 crore for Q3FY25 as compared to ₹432 crore in Q3FY24. Its interest income jumped 36% year-on-year to ₹1,698 crore.

IREDA’s net NPA also improved from 1.52% in Q3FY24 to 1.50% in Q3FY25.

The company had reported a 41% growth in loan disbursement to ₹17,236 crore in the third quarter of the financial year 2024-25.

IREDA sanctioned loans worth ₹31,087 crore in Q3 FY25, reflecting a stellar 129% year-on-year (YoY) surge compared to ₹13,558 crore in the same period of the previous fiscal year.

Loan disbursements also grew significantly, jumping by 41% YoY to ₹17,236 crore in the latest third quarter against ₹12,220 crore in the year-ago period.