Saturday, 13 October 2012

IREDA presents 25 crore dividend

New Delhi(Page3 News Network)-Indian Renewable Energy Development Agency Ltd( IREDA), today presented a cheque of Rs. 25 Crores to Dr. Farooq Abdullah, New and
Renewable Energy towards dividend for FY 2011-12.   The amount of dividend presented today is an increase of 25% as compared to last year. (IREDA), a Government of India Enterprise under Ministry of New and Renewable Energy (MNRE) is a pioneer in financing renewable energy and energy efficiency projects with high brand value in renewable energy and energy efficiency financing. IREDA has been a catalyst in financing of renewable energy in the country and has the unique opportunity of contributing to the process of policy formulation by the Government.
During the financial year 2011-12, IREDA posted robust performance with an all-time high Profit before Tax (PBT) at Image Detail 208.12 Crores registering a 24.85% rise over the previous fiscal and recorded its Profit After Tax of Image Detail173.13 crores compared to Image Detail120.46 crores over the previous fiscal.
Loan sanctions and disbursements during the year 2011-12 stood at Image Detail 3405.96 crores and  Image Detail1855.04 Crores respectively which is an increase of 8.94% in sanctions and 51.53% in disbursement as compared to the last year.

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