Indian Renewable Energy Development Agency Limited (IREDA), for the fourth consecutive year, achieved ‘Excellent’ rating for the MoU performance.It bagged the rating for the MoU performance signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, with a score of 98.24 (rounded off 98).
In the previous three years, IREDA consistently delivered exceptional results, achieving an ‘Excellent’ rating with scores of 93.50 in FY 2022-23, 96.54 in FY 2021-22 and 96.93 in FY 2020-21.Speaking on the achievement, Pradip Kumar Das, CMD, IREDA, said, “Securing the ‘Excellent’ rating for the fourth consecutive year is a significant milestone for IREDA. It reflects the tireless efforts of our employees, the unwavering trust of our stakeholders, and the guidance of the Govt. of India.”
“I extend my heartfelt gratitude to all who have contributed to this success. Together, we are committed to accelerating India’s green energy transition and achieving our nation’s renewable energy goals,” he said. These consistent achievements underline the organization’s dedication to driving India’s renewable energy goals.
The CMD also expressed his gratitude to Pralhad Joshi, Union Minister of New & Renewable Energy; Shripad Naik, Minister of State for Power and New & Renewable Energy; and other senior officials.
During the day, IREDA’s stock reached a high of ₹225.9. The company’s market capitalization stands at approximately ₹57,700.93 crore.