₹15 lakh crore cumulative Gross Merchandise Value (GMV)

IREDA Signs MoU with MNRE, Sets ₹8,200 Crore Target for FY 2025-26

ByIndiagraphs Insights

The Indian Renewable Energy Development Agency (IREDA) has signed a Performance MoU with the Ministry of New & Renewable Energy (MNRE), setting ambitious goals for FY 2025-26.

Key Highlights

  • Revenue Target: Government has fixed a ₹8,200 crore Revenue from Operations target for IREDA in FY 2025-26.
  • Track Record: In FY 2024-25, IREDA exceeded its target by achieving ₹6,743 crore revenue against a target of ₹5,957 crore.
  • Performance Ratings: IREDA has secured an ‘Excellent’ MoU rating for four consecutive years, and was ranked the top performer among NBFCs & Power sector CPSEs for FY 2023-24.
₹15 lakh crore cumulative Gross Merchandise Value (GMV)

Takeaway: IREDA’s consistent performance and higher targets underscore its central role in powering India’s renewable energy growth story.

Source: Ministry of New and Renewable Energy (PIB)

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