Sep Update: IREDA Sanctions Rs. 33,148 Cr in Renewable Loans, Lending Rises 86%

The Indian Renewable Energy Development Agency (IREDA) reported a strong performance in the quarter ending September 2025, with a 41.67% rise in profit compared to the same period last year.

IREDA's revenue from operations in the half year ending during this quarter increased to Rs. 4,004 crore, up from Rs. 3,140 crore in September 2024. Its profit after tax (PAT) also grew, reaching Rs. 796 crore, compared with Rs. 771 crore a year ago. This led to a 3% increase from last year. Overall profit for the quarter surged to Rs. 6,743 crore.

IREDA’s Lending Mix 

IREDA’s lending activity also saw significant growth. Until September 2025, the company sanctioned loans worth Rs. 33,148 crore, marking an 86% increase from Rs. 17,860 crore in the same period last year (2024). Disbursements rose to Rs. 15,043 crore, up from Rs. 9,787 crore in September 2024. Outstanding loans simultaneously increased by 31%, reaching Rs. 84,477 crore compared with Rs. 64,564 crore last year.

In terms of sectoral distribution, solar projects dominate IREDA’s renewable energy loan portfolio, with Solar Thermal/SPV accounting for 24%. Other allocations include state utilities and other sectors (19%), wind (12%), hydro (10%), manufacturing (7%), ethanol (8%), state utilities GENCO (5%), and hybrid wind & solar projects (4%).

During the first half of FY 2025-26, IREDA raised Rs. 10,138 crore in outstanding borrowings, contributing to total borrowings of Rs. 59,799 crore, representing 86% of total financing and an increase from Rs. 45,691 crore in September 2024. Foreign borrowings also rose, with total external funding reaching Rs. 10,141 crore, up from Rs. 8,948 crore a year earlier.

The robust growth in both profitability and lending activity underscores IREDA’s pivotal role in financing India’s renewable energy transition and supporting the sector’s rapid expansion.