New Delhi State-owned Indian Renewable Energy Development Agency (IREDA) on Sunday reported an 83% rise in profit 634 crore during the last financial year, said the Ministry of New and Renewable Energy.
IREDA made loan disbursement of 16,071 crore, which was the highest in the history of the company.
“Ireda reported an all-time high annual profit after tax (PAT) 634 crores and profit before tax 834 crore between the second and third wave of Covid in FY22,” the ministry said.
The total assets of the company as on 31st March 2022 was 5,268 crore against 2,995 crore as on March 31, 2021, up 75.89%, which includes equity investment of 1,500 crore by the government on March 28, the ministry further said.
IREDA Chairman and Managing Director Pradeep Kumar Das said this would not have been possible without the support of the statutory auditors, Reserve Bank of India and other stakeholders.
“IREDA promotes transparency, good governance and a proactive approach to ensure that the entire value chain is happy in its operations,” he said.