The Board of Directors of IREDA approved the Audited Financial Results for Financial Year 2021-22 in a meeting held today while lauding the company’s outstanding performance under challenging conditions.
The Loan Book of IREDA, a NBFC under MNRE, Government of India, has grown from Rs. 27,854 as on 31st March 2021 to Rs. 33,931 Crores as on 31st March 2022 (registering a growth of 21.82%). The company registered highest-ever loan sanction of Rs. 23,921 Crores (growth of 117.44% to the previous year sanction of Rs. 11,001 Crores).
The loan disbursement of Rs. 16,071 Crore is the highest in the company’s history and a record increase by 82% from the previous year. The net-worth of the company as on 31st March 2022 has reachedRs. 5,268 Crores as against Rs. 2,995 Crores ending 31st March 2021 (increase by 75.89 %), which includes equity infusion of Rs.1,500 Crores on 28th March 2022 by Government of India.
The annual financial highlights for the FY 2021-22 as against FY 2020-21 are as follows:
Shri Das further mentioned that the remarkable achievements would not have been possible without regular co-operation and support of Statutory Auditors, RBI, and other stakeholders. Shri Das lauded the dedicated team of employees of IREDA for their commitment and relentless efforts that made the high level of results possible. He also reiterated that, "IREDA promotes transparency, good-governance and a proactive approach to ensure that the entire value chain in the operations of IREDA is happy and proudly sustains the feeling of ‘Once IREDA, Always IREDA’."
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