IREDA signs MoU with MNRE, setting FY 2025-26 performance targets

The 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) for the financial year 2025-26.

Under the agreement, IREDA has been given a Revenue from Operations target of Rs 8,200 crore for FY 2025-26. In the previous fiscal year, the company achieved Rs 6,743.32 crore in revenue, surpassing the set target of Rs 5,957 crore. 

The MoU also specifies performance parameters, including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA.