According to P.K. Das, Chairman and Managing Director, IREDA sanctioned loans totaling Rs 37,354 crore and disbursed Rs 25,089 crore, marking the highest figures in the company’s history
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The funds have been raised at an annual interest rate of 7.44 per cent for a tenure of ten years and two months
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This significant upgrade underscores IREDA’s unwavering commitment to improving its financial performance and upholding the highest standards of corporate governance
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The subsidiary was officially incorporated on 7 May 2024, after receiving the no objection letter from the Reserve Bank of India on 8 February 2024, to set up the finance company in IFSC GIFT City
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