Green Energy NBFC company signs Performance MoU with MNRE, Rs 8,200 Crore Revenue Target for FY 2025-26
DSIJ Intelligence-1 / 25 Aug 2025/ Categories: Mindshare, Trending
The company has a market cap of Rs 41,506 crore and President of India’s portfolio owns 2,01,58,23,529 shares or 71.76 per cent stake.
The Indian Renewable Energy Development Agency Limited (IREDA) and the Ministry of New and Renewable Energy (MNRE) have signed a performance-based Memorandum of Understanding (MoU) for the fiscal year 2025-26. The MoU was signed by Shri Santosh Kumar Sarangi, Secretary of MNRE, and Shri Pradip Kumar Das, Chairman & Managing Director of IREDA. For the upcoming fiscal year, the government has set a revenue from operations target of Rs 8,200 crores for IREDA. This follows a strong performance in FY 2024-25, where IREDA surpassed its target, achieving a revenue of Rs 6,743.32 crores against the target of Rs 5,957 crores.
In addition to the revenue target, the MoU outlines several other key performance indicators, including Return on Net Worth, Return on Capital Employed, NPA to Total Loans, and Asset Turnover Ratio. Shri Pradip Kumar Das, CMD of IREDA, expressed confidence in the company's ability to maintain its growth trajectory. He highlighted that IREDA has consistently achieved an "Excellent" rating for its MoU performance for four consecutive years, from FY 2020-21 onwards. For FY 2023-24, IREDA was recognised as the top performer among NBFC and Power sector companies and ranked among the top four Central Public Sector Enterprises (CPSEs) overall.
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About the Company
IREDA, a government-owned entity, plays a crucial role in India's renewable energy sector. Established in 1987, it promotes and finances projects in various renewable sources, including solar, wind, hydro, and bioenergy. Its motto, "Energy forever," reflects its commitment to a sustainable future. IREDA is a financial services company that provides financial assistance for renewable energy projects in India. The company offers a variety of financial products, including loans, guarantees, and debt refinancing. IREDA is committed to helping India transition to a greener future, and its financing schemes are designed to facilitate this transition.
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The company has a market cap of Rs 41,506 crore and President of India’s portfolio owns 2,01,58,23,529 shares or 71.76 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.