Indian Renewable Energy Development Agency Limited has informed the Exchange regarding a press release dated August 25, 2025, titled "IREDA signs Performance MoU for the FY 2025-26 with Ministry of New and Renewable Energy".
IREDA · price
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IREDA has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), setting a Revenue from Operations target of ₹8,200 crores for FY 2025-26. In FY 2024-25, IREDA exceeded its target, achieving ₹6,743.32 crores against a target of ₹5,957 crores, representing growth of about 13% over target. The new target implies roughly 21.6% growth over last year's actual revenue. The MoU also includes other key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, and EBTDA. IREDA has earned an 'Excellent' MoU rating for four consecutive years since FY 2020-21, and emerged as the top performer in the NBFC and Power sector and among the top four CPSEs across sectors in FY 2023-24, out of 84 CPSEs evaluated by the Department of Public Enterprises.
This is a positive signal for shareholders, as it reflects government confidence in IREDA's growth trajectory and sets an ambitious but achievable revenue target. Strong MoU performance ratings and consistent track record could support investor sentiment and reinforce IREDA's positioning as a leading public-sector renewable energy financier.