IREDA Signs MoU with MNRE, Sets ₹8,200 Cr Revenue Target for FY 2025-26

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 the fiscal year 2025-26.

Under the MoU, the Government of India has set a Revenue from Operations target of ₹8,200 crore for FY 2025-26. In the previous fiscal year, IREDA had outperformed expectations by achieving ₹6,743.32 crore in revenue against the target of ₹5,957 crore.

The MoU outlines key performance parameters including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA, among other financial and operational benchmarks.

Expressing confidence in IREDA’s growth trajectory, Shri Pradip Kumar Das, CMD, IREDA, said, “With the hope for continuing excellent performance for this year also, we are committed to sustaining our track record of excellence. IREDA has earned an 'Excellent' rating in MoU performance for four consecutive years since FY 2020-21. For FY 2023-24 MoU rating, IREDA emerged as the top performer in the NBFC and Power sector and among the top four CPSEs across sectors, as per a list of 84 CPSEs issued by the Department of Public Enterprises.”

With this MoU, IREDA aims to further strengthen its role in financing India’s renewable energy sector, supporting the government’s ambitious clean energy targets.