IREDA reported a strong business update for the December quarter, with loan sanctions surging 29% year-on-year to Rs 40,100 crore and disbursements rising 44% to Rs 24,903 crore. The company's outstanding loan book reached Rs 87,975 crore, a 28% increase. These provisional figures follow a robust September quarter performance. IREDA shares saw a nearly 2% jump following the announcement, though details on asset quality for the December quarter were not disclosed.