MoU25 Aug 2025, 01:17 pm
IREDA Signs Performance MOU for FY 25-26 with MNRE, Sets ₹ 8,200 Crore Revenue Target
AI Summary
Indian Renewable Energy Development Agency Limited (IREDA) has signed a performance-based Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE), Government of India, for the fiscal year 2025-26. The MoU includes a Revenue from Operations target of ₹ 8,200 crores. IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving ₹ 6,743.32 crores against the target of ₹ 5,957 crores. The MoU also includes other key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA.
Key Highlights
- IREDA signs Performance MoU with MNRE for FY 25-26
- ₹ 8,200 Crore Revenue Target set for FY 2025-26
- IREDA exceeded FY 2024-25 Revenue from Operations target
- MoU includes other key performance parameters
- IREDA earned 'Excellent' rating in MoU performance for four consecutive years since FY 2020-21