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. 

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement