Indian Renewable Energy Development Agency (IREDA) has secured an ‘Excellent’ rating for the fifth consecutive year in its Memorandum of Understanding (MoU) performance with the Ministry of New & Renewable Energy (MNRE). For the financial year 2024-25, IREDA achieved a score of 96.42 out of 100, demonstrating consistent performance excellence. This rating highlights IREDA’s operational efficiency and robust corporate governance.
Consistent Performance Excellence
IREDA has been awarded the ‘Excellent’ rating for the fifth consecutive year. This achievement is based on the Memorandum of Understanding (MoU) signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2024-25, where the company scored 96.42 out of 100.
Key Factors Behind the Rating
The continuous ‘Excellent’ ratings underscore IREDA’s commitment to operational efficiency, financial discipline, and strong corporate governance. This consistent high performance reflects the organization’s ability to sustain momentum in an evolving renewable energy sector.
Transformative Reforms
After receiving a ‘Fair’ rating with a score of 45.83 in the MoU evaluation for FY 2019-20, IREDA implemented significant institutional reforms. These reforms strengthened the company’s systems, processes, and culture, enabling it to consistently achieve ‘Excellent’ ratings and establish itself as the country’s largest pure-play green NBFC.
CMD’s Statement
Shri Pradip Kumar Das, Chairman & Managing Director of IREDA, expressed great pride in receiving the ‘Excellent’ rating for the fifth consecutive year. He emphasized that this recognition is a testament to the dedication of IREDA’s employees, the confidence of stakeholders, and the consistent support from the Government of India. He reiterated IREDA’s commitment to strengthening India’s clean energy ecosystem and accelerating the nation’s green energy transition.
Source: BSE
