IREDA Signs MoU with MNRE, Sets Rs 82 Billion Revenue Target
POWER & RENEWABLE ENERGY

IREDA Signs MoU with MNRE, Sets Rs 82 Billion Revenue Target

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), Government of India, setting strategic targets for the fiscal year 2025-26.
The MoU was signed at Atal Akshay Urja Bhawan in New Delhi by Santosh Kumar Sarangi, Secretary, MNRE, and Pradip Kumar Das, Chairman and Managing Director of IREDA, in the presence of senior officials from both organisations.
Under the agreement, the Government of India has set a revenue from operations target of Rs 82 billion for FY2025-26. IREDA surpassed its target in FY2024-25, achieving Rs 67.43 billion against a goal of Rs 59.57 billion. The MoU also incorporates key performance parameters including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA.
Expressing confidence in the company’s performance outlook, CMD Pradip Kumar Das said: “We are committed to sustaining our track record of excellence. IREDA has earned an ‘Excellent’ rating in MoU performance for four consecutive years since FY2020-21. For FY2023-24, IREDA was the top performer in the NBFC and Power sector, and among the top four CPSEs across all sectors, as per a list of 84 CPSEs released by the Department of Public Enterprises.”
The MoU reinforces IREDA’s role as a key institution supporting India’s renewable energy growth, aligning with national goals for clean energy and sustainability.

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), Government of India, setting strategic targets for the fiscal year 2025-26.The MoU was signed at Atal Akshay Urja Bhawan in New Delhi by Santosh Kumar Sarangi, Secretary, MNRE, and Pradip Kumar Das, Chairman and Managing Director of IREDA, in the presence of senior officials from both organisations.Under the agreement, the Government of India has set a revenue from operations target of Rs 82 billion for FY2025-26. IREDA surpassed its target in FY2024-25, achieving Rs 67.43 billion against a goal of Rs 59.57 billion. The MoU also incorporates key performance parameters including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA.Expressing confidence in the company’s performance outlook, CMD Pradip Kumar Das said: “We are committed to sustaining our track record of excellence. IREDA has earned an ‘Excellent’ rating in MoU performance for four consecutive years since FY2020-21. For FY2023-24, IREDA was the top performer in the NBFC and Power sector, and among the top four CPSEs across all sectors, as per a list of 84 CPSEs released by the Department of Public Enterprises.”The MoU reinforces IREDA’s role as a key institution supporting India’s renewable energy growth, aligning with national goals for clean energy and sustainability. 

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?