IREDA’s Loan Approvals Grow 86% YoY to ₹331 Billion in Q2 FY 2026

Its loan disbursement rose 54% to ₹150.43 billion

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Government-owned lender Indian Renewable Energy Development Agency (IREDA) has announced an 86% year-over-year (YoY) growth in its approved loans as of the end of the second quarter (Q2) of the financial year (FY) 2026.

IREDA’s approved loans stood at ₹331.48 billion (~$3.73 billion) at the end of Q2 FY 2026, compared to ₹178.6 billion (~$2.01 billion) by the end of Q2 FY 2025.

The loan disbursements stood at ₹150.43 billion (~$1.69 billion) as of the quarter’s end, a 54% increase from ₹97.87 billion (~$1.1 billion) in the same period of the previous year.

IREDA’s loan book at the end of Q2 was ₹844.45 billion (~$9.51 billion), rising 31% YoY from ₹645.64 billion (~$7.27 billion).

In September this year, IREDA approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of INA Solar, to finance its 4.5 GW solar cell manufacturing facility in Madhya Pradesh. The estimated cost of setting up the solar cell plant is ₹15.12 billion (~$172 million).

In August, independent renewable energy producer Juniper Green Energy secured ₹17.39 billion (~$198.4 million) in debt financing from IREDA. The funds would be utilized to execute the company’s large-scale renewable energy projects and strengthen its operational capacity.

IREDA’s loan approvals climbed by 29% YoY to ₹117.4 billion (~$1.37 billion) in Q1 FY 2026 from ₹91.36 billion (~$1.06 billion). Loan disbursements rose by 31% YoY to ₹69.81 billion (~$815.52 million), up from ₹53.26 billion (~$622.18 million). The company’s outstanding loan book also registered a strong growth, reaching ₹799.6 billion (~$9.34 billion) as of June 30, 2025, reflecting a 27% YoY increase over ₹632.07 billion (~$7.38 billion).

The company reported a consolidated revenue of ₹19.48 billion (~$226 million) for Q1, a 29% YoY increase from ₹15.1 billion (~$176 million). This revenue growth was driven by a 26% expansion of IREDA’s loan book.

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