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IREDA Achieves ‘Excellent’ Rating for Fifth Consecutive Year in MoU Performance

The Indian Renewable Energy Development Agency has secured an ‘Excellent’ MoU rating from the Ministry of New and Renewable Energy for FY25 with a score of 96.42, marking its fifth consecutive year with the top performance grade.

January 09, 2026. By Mrinmoy Dey

Indian Renewable Energy Development Agency (IREDA) has announced that it has secured an ‘Excellent’ rating in the Memorandum of Understanding (MoU) signed with the Ministry of New and Renewable Energy (MNRE) for the financial year 2024–25, achieving a score of 96.42 out of 100.

This marks the fifth consecutive year that IREDA has received an ‘Excellent’ rating, underlining the organisation’s sustained focus on operational efficiency, financial discipline, and robust corporate governance. The continued high performance reflects the organisation’s ability to maintain momentum amid an expanding mandate and evolving renewable energy landscape, the company said in a statement.

It further added that after receiving only a ‘Fair’ rating with a score of 45.83 in the MoU evaluation for FY 2019–20, IREDA undertook comprehensive institutional reforms to strengthen its systems, processes, and culture. This transformative journey enabled the organisation to elevate its standards, achieving consecutive ‘Excellent’ ratings thereafter and firmly establishing IREDA as the country’s largest pure-play green NBFC, it said.

Commenting on the achievement, Pradip Kumar Das, Chairman and Managing Director, IREDA, said, “Receiving the ‘Excellent’ rating for the fifth consecutive year is a matter of great pride for IREDA. This recognition is a testament to the dedication of our employees, the confidence of our stakeholders, and the consistent guidance and support of the Government of India. We remain committed to strengthening India’s clean energy ecosystem and accelerating the nation’s green energy transition.”

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Indian Renewable Energy Development Agency

Ministry of New and Renewable Energy

IREDA MoU performance rating

IREDA performance review

Pradip Kumar Das