The Indian Renewable Energy Development Agency (IREDA) has signed an MoU with the Ministry of New and Renewable Energy, Government of India.
Under this, a revenue target of Rs 4,350 crore has been set for 2023-24.
IREDA is a Mini Ratna Company under the Ministry of New and Renewable Energy.
Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Enterprise of the Government of India under the administrative control of the Ministry of New and Renewable Energy (MNRE).
IREDA is notified as a “Public Financial Institution” under Section 4 ‘A’ of the Companies Act, 1956 and registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI). Has been done
IREDA’s mission is “to be a leading, partner-friendly and competitive institution for financing and promoting self-sustaining investments in energy generation from renewable sources, energy efficiency and environmental technologies for sustainable development.”
