Centre sets Rs 4,350 cr as target for IREDA in operating revenues

The Indian Renewable Energy Development Agency (Ireda), a government of India enterprise responsible for advancing renewable energy, has signed a performance-focused memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE). As part of this MoU, the Centre has set a target to achieve Rs 4,350 crore in revenue from operations in the financial year 2023-2024 and Rs 5,220 crore in financial year 2024-25.

The MoU draws these key objectives to be in line with the guidelines from the Department of Public Enterprises under the Ministry of Finance.