IREDA signs performance MoU with MNRE with ₹8,200 crore revenue target for FY 2025-26
Indian Renewable Energy Development Agency (IREDA) signed a performance-based MoU with the Ministry of New and Renewable Energy on 25 August 2025, with a revenue-from-operations target of ₹8,200 crore for 2025-26.
Summary
Indian Renewable Energy Development Agency Limited (IREDA) signed a performance-based Memorandum of Understanding with the Ministry of New and Renewable Energy (MNRE) on 25 August 2025, setting targets for 2025-26. The government set a Revenue from Operations target of ₹8,200 crore for FY 2025-26; in FY 2024-25 IREDA achieved ₹6,743.32 crore against a target of ₹5,957 crore. The MoU was signed by MNRE Secretary Santosh Kumar Sarangi and IREDA CMD Pradip Kumar Das at Atal Akshay Urja Bhawan, New Delhi. IREDA has earned an 'Excellent' MoU rating for four consecutive years since FY 2020-21.
Key facts
- Date
- 25 Aug 2025
- Parties
- IREDA and MNRE
- FY26 revenue target
- ₹8,200 crore
- FY25
- ₹6,743.32 crore achieved vs ₹5,957 crore target
- Signatories
- Santosh Kumar Sarangi (MNRE Secretary); Pradip Kumar Das (IREDA CMD)
Practice MCQs 1 questions
Under the performance MoU signed with MNRE on 25 August 2025, what Revenue from Operations target has been set for IREDA for FY 2025-26?
Show answer
Correct answer: D — ₹8,200 crore
The Government set IREDA a Revenue from Operations target of ₹8,200 crore for FY 2025-26; in FY 2024-25 it achieved ₹6,743.32 crore against a ₹5,957 crore target.