The Ministry of New and Renewable Energy (MNRE) today signed a performance based Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency Limited (IREDA) in New Delhi. The MoU outlines the strategic targets for the fiscal year 2025-26.

 

 

In a statement, the Ministry said that the Government has set a Revenue-from-Operations target of 8 thousand 200 crore rupees for the Fiscal Year 2025-26. 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 Earnings Before Taxes, Depreciation, and Amortization (EBTDA), among other targets.

       

 

It added, IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving 6,743.32 crore rupees against the target of 5 thousand 957 crore rupees.