Indian Renewable Energy Development Agency Limited (IREDA) has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), Government of India, setting strategic targets for FY 2025-26.
The MoU was signed at Atal Akshay Urja Bhawan, New Delhi, by Shri Santosh Kumar Sarangi, Secretary, MNRE, and Shri Pradip Kumar Das, CMD, IREDA, in the presence of senior officials from both organizations.
For FY 2025-26, the Government has set a Revenue from Operations target of ₹8,200 crore. In FY 2024-25, IREDA had surpassed its target of ₹5,957 crore by achieving ₹6,743.32 crore. The MoU also outlines key performance indicators including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA.
CMD Shri Pradip Kumar Das expressed confidence in sustaining the company’s growth, noting that IREDA has consistently earned an ‘Excellent’ rating in MoU performance for four consecutive years. In FY 2023-24, IREDA was recognized as the top performer in the NBFC and Power sector and ranked among the top four CPSEs across sectors by the Department of Public Enterprises.
