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).
It outlined strategic targets for the fiscal year 2025-26. The agreement sets a revenue from operations target of Rs 82 billion for 2025-26. IREDA had surpassed its previous year’s target, achieving Rs 67.43 billion in 2024-25 against the set target of Rs 59.57 billion. The MoU also defines key performance parameters, including return on net worth, return on capital employed, non performing assets to total loans, asset turnover ratio and earnings before interest, taxes depreciation and amortisation.