IREDA Secures ‘Excellent’ Rating in its MoU Performance Evaluation with MNRE for FY 25
On January 8, 2026, The Indian Renewable Energy Development Agency (IREDA), under the Ministry of New and Renewable Energy (MNRE), secured an “Excellent” rating with a score of 96.42 out of 100 for its performance in the Memorandum of Understanding (MoU) signed with MNRE for the Financial Year 2024-25 (FY 25).
On January 8, 2026, The Indian Renewable Energy Development Agency (IREDA), under the Ministry of New and Renewable Energy (MNRE), secured an “Excellent” rating with a score of 96.42 out of 100 for its performance in the Memorandum of Understanding (MoU) signed with MNRE for the Financial Year 2024-25 (FY 25).
- What? IREDA Secures ‘Excellent’ Rating
- Purpose: Performance of MoU signed with MNRE
- Period: For FY 25
- Significance: Fifth year
- Score: 96.42
About IREDA’s Excellence Rating:
Significance: The 2025 achievement marks the fifth consecutive year, highlighting its sustained focus on operational efficiency, financial discipline, and strong corporate governance.
Background: In Financial Year 2019-20 (FY 20), received a “Fair” rating with a score of 45.83. IREDA undertook comprehensive institutional reforms to strengthen its systems, processes, and work culture.
About IREDA: It is a Navratna Non-Banking Financial Company (NBFC) under the MNRE, established in 1987. It finances Renewable Energy (RE) and energy-efficiency projects such as solar, wind, hydro, bioenergy, green hydrogen, and storage, supporting India’s clean energy and climate goals.
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