IREDA Secures Fourth Consecutive Excellent Rating, Strengthening India’s Renewable Energy Commitment

Indian Renewable Energy Development Agency Limited (IREDA) has earned an ‘Excellent’ rating for its performance in the Memorandum of Understanding (MoU) signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24. With a score of 98.24 (rounded off to 98), this marks the fourth consecutive year that IREDA has received the highest rating, highlighting its commitment to operational excellence and corporate governance.

In the previous three financial years, IREDA achieved remarkable results with ratings of 93.50 in FY 2022-23, 96.54 in FY 2021-22, and 96.93 in FY 2020-21. These consistent high scores reflect the agency’s dedication to advancing India’s renewable energy objectives.

Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of IREDA, expressed pride in the achievement, stating, “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 Government 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.”

Shri Das also expressed his gratitude to Shri Pralhad Joshi, Hon’ble Union Minister of New & Renewable Energy, Consumer Affairs, and Food & Public Distribution; Shri Shripad Naik, Hon’ble Minister of State for Power and New & Renewable Energy; Shri Prashant Kumar Singh, Secretary, MNRE; and other senior officials of the ministry for their continuous support and invaluable guidance.