New Delhi, Aug. 25 -- Indian Renewable Energy Development Agency Limited (IREDA) today signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) outlining certain targets for FY 2025-26.

The MoU was signed by Santosh Kumar Sarangi, secretary, MNRE, and Pradip Kumar Das, CMD, IREDA. Senior officials of both MNRE and IREDA were present.

The MoU includes certain key performance parameters for measuring performance such as Return on Net Worth, Return on Capital Employed, NPA to Total Loans, Asset Turnover Ratio, EBITDA, and others.

"With the hope for continuing excellent performance for this year also, we are committed to sustaining our track record of excellence. IREDA has earned an 'E...