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Indian Renewable Energy Development Agency Ltd. ( (IN:IREDA) ) just unveiled an update.
Indian Renewable Energy Development Agency Limited (IREDA) has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the fiscal year 2025-26. The MoU sets a Revenue from Operations target of ₹8,200 crores, following IREDA’s successful surpassing of its previous year’s target. The agreement includes performance metrics such as Return on Net Worth and Asset Turnover Ratio. IREDA has consistently achieved ‘Excellent’ ratings in MoU performance and was recognized as a top performer among Central Public Sector Enterprises (CPSEs) in the NBFC and power sectors.
More about Indian Renewable Energy Development Agency Ltd.
Indian Renewable Energy Development Agency Limited (IREDA) operates within the renewable energy sector, focusing on financing and promoting renewable energy projects in India. The company is a key player in the non-banking financial company (NBFC) and power sectors, with a strong track record of performance and growth.
Average Trading Volume: 915,322
Technical Sentiment Signal: Sell
Current Market Cap: 414.5B INR
Learn more about IREDA stock on TipRanks’ Stock Analysis page.