IREDA Aims to Surpass Revenue Milestone with Strategic MoU

IREDA is targeting a 21% increase in revenue for the fiscal year 2025-26, reaching Rs 8,200 crore. The state-owned agency signed a performance-based MoU with the Ministry of New and Renewable Energy, outlining strategic goals. Last fiscal year, IREDA exceeded its revenue target, achieving Rs 6,743.32 crore.

The Indian Renewable Energy Development Agency (IREDA) is setting its sights on achieving a remarkable 21% growth in revenue from operations for the current fiscal year, aiming to reach Rs 8,200 crore. This ambitious target surpasses last year's revenue of Rs 6,743.32 crore, demonstrating the agency's upward trajectory.

In a strategic move to bolster its operations, IREDA signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE). The agreement outlines key performance targets for the fiscal year 2025-26, signaling a collaborative effort to advance India's renewable energy initiatives.

Led by Santosh Kumar Sarangi, Secretary of MNRE, and Pradip Kumar Das, Chairman and Managing Director of IREDA, the MoU sets a challenging revenue target of Rs 8,200 crore. With a proven track record of exceeding expectations, IREDA's leadership remains confident in maintaining their growth and commitment to excellence.

(With inputs from agencies.)