The milestone achieved is the highest in the history of the company, Indian Renewable Energy Development Agency Ltd (IREDA) said in a statement.
Loan book outstanding grew 18.32 percent to Rs 63,646.6 crore during the quarter as against Rs 53,795.7 crore in the corresponding quarter a year ago.
Lower crude prices and overall macro environment aided growth for the MHCV segment. Now, expectation of a good monsoon is good news for the segment, said Managing Director TT Srinivasaraghavan.
Performance Highlights Standalone profit ...
Performance Highlights Standalone profit ...
With fuel price hikes and inflation dampening demand for commercial and passenger vehicles, non-banking finance company Sundaram Finance today said it aims for "modest" growth in loan disbursements this fiscal.