IREDA Sets ₹8,200 Crore Revenue Target in FY26 MoU with MNRE

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Indian Renewable Energy Development Agency (IREDA) has formalized a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), setting strategic targets for the fiscal year 2025-26. The MoU establishes a revenue target of ₹8,200 crore for FY26.

The agreement was signed in New Delhi by Shri Santosh Kumar Sarangi, Secretary, MNRE, and Shri Pradip Kumar Das, Chairman & Managing Director, IREDA.

Under the terms of the MoU, the Government of India has set a Revenue from Operations target of ₹8,200 crores for FY 2025-26. Notably, IREDA surpassed its Revenue from Operations target in FY 2024-25, achieving ₹6,743.32 crores against a target of ₹5,957 crores. The MoU also incorporates key performance indicators, including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA, among other targets.

Shri Pradip Kumar Das, CMD, IREDA, expressed optimism about the company's growth trajectory, stating, “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.

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