IREDA sets targets for FY 2024-2025

The agency eyes INR 8,200 crores of revenue during this period.

The Indian Renewable Energy Development Agency Limited (IREDA) has outlined its strategic targets for the fiscal year (FY) 2025 to 2026.

This was backed by the signing of a performance-based memorandum of understanding between IREDA and the Ministry of New and Renewable Energy (MNRE). Under this agreement, the government of India has set a revenue from operations target of INR 8,200 crores for FY 2025 to 2026.

IREDA had exceeded its operations revenue target in FY 2024 to 2025, achieving INR 6,743.32 crores against the target of ₹5,957 crores.

The MoU also includes key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA, amongst other targets.