The Indian Renewable Energy Development Agency, or IREDA, and the Ministry of New and Renewable Energy, or MNRE, have signed a performance-based Memorandum of Understanding, or MoU, for the 2025-26 fiscal year. This agreement sets a revenue from operations target of Rs 8,200 crore.
This new goal represents a significant increase from IREDA’s performance in the last fiscal year, when it exceeded its target of Rs 5,957 crore by achieving a revenue of Rs 6,743.32 crore in FY 2024-25.
Key performance metrics
Beyond the revenue target, the MoU outlines several crucial financial and operational metrics to ensure the company’s efficiency and accountability. These key performance indicators (KPIs) include:
- Return on Net Worth
- Return on Capital Employed
- Non-Performing Assets (NPA) to Total Loans
- Asset Turnover Ratio
- Earnings Before Taxes, Depreciation, and Amortisation (EBTDA)
The agreement was signed by Santosh Kumar Sarangi, Secretary, MNRE, and Pradip Kumar Das, Chairman & Managing Director, IREDA.
It must be noted that IREDA has earned an “Excellent” rating for its MoU performance for four consecutive years since FY 2020-21. For the FY 2023-24 rating, it was named the top performer in both the NBFC and power sectors and was ranked among the top four Central Public Sector Enterprises (CPSEs) out of 84 evaluated companies.
