Indian Renewable Energy Development Agency (IREDA) is aiming for a 21 per cent revenue growth in the fiscal year 2026. In an exchange filing, the company said on Monday that it is looking to reach a revenue target of Rs 8,200 crore in FY26.In FY26, IREDA’s revenue from operations stood at Rs 6,743 crore.
IREDA exceeded its revenue from operations target in FY25, achieving Rs 6,743.32 crore, against a target of Rs 5,957 crore.
MoU with MNRE
Further, IREDA stated in the filing that it has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) on Monday, outlining strategic targets for the fiscal year26
The MoU was signed by Santosh Kumar Sarangi, Secretary, MNRE and Pradip Kumar Das, Chairman & Managing Director, IREDA in the presence of senior officials from MNRE and IREDA.
Under the MoU, the government of India has set a revenue from operations target of Rs 8,200 crore for FY 2025-26.
The MoU also includes key performance parameters such as return on net worth, return on capital employed, NPA to total loans, and asset turnover ratio, among other targets.
Expressing confidence in the company’s growth trajectory, Das said, “With the hope for continuing excellent performance for this year also, we are committed to sustaining our track record of excellence.” PTI