Renewable Energy Development eyes Rs 2,406 crore revenue in FY21
State-owned Indian Renewable Energy Development Agency Ltd (IREDA) is eyeing Rs 2,406 crore revenue in the current financial year.
IREDA has signed a memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for setting key targets for the year 2020-21, the ministry said in a statement.
The MoU was signed by MNRE Secretary Indu Shekhar Chaturvedi and IREDA CMD Pradip Kumar Das on Monday, the statement said.
The government has set a revenue target of Rs 2,406 crore under ‘Excellent’ rating along with various performance-related parameters such as operating profit as percentage of revenue from operations, PAT (profit after tax) as a percentage of average net worth, loan disbursement, overdue loan etc, as per the MoU.
