IREDA Achieves Fifth Consecutive “Excellent” Rating, Scoring 96.42 In 2024-25 MoU Evaluation

The Indian Renewable Energy Development Agency Limited (IREDA) has once again demonstrated its strong performance by securing an “Excellent” rating for the 2024-25 financial year, according to the latest Memorandum of Understanding evaluation with the Ministry of New & Renewable Energy (MNRE). The agency achieved a remarkable score of 96.42 out of 100, marking the fifth consecutive year it has been recognized with this top-tier distinction. This achievement highlights IREDA’s consistent focus on financial discipline, operational efficiency, and robust corporate governance.

The recognition is particularly noteworthy considering the agency’s historical performance. In the 2019-20 financial year, IREDA received only a “Fair” rating, with a score of 45.83. Following that evaluation, the agency undertook significant institutional reforms to improve internal processes, governance, and organizational culture. These reforms have contributed to IREDA’s growth into India’s largest pure-play green Non-Banking Financial Company (NBFC), a role that positions it at the forefront of financing the country’s renewable energy transition.

Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, said that the achievement reflects the dedication of the agency’s employees and the continued support of the Government of India. He emphasized that IREDA remains committed to accelerating India’s shift toward clean energy while maintaining strong operational standards. The CMD also extended his gratitude to the leadership at MNRE and the Board of Directors for their guidance in sustaining high performance.

The announcement of the rating was formally filed with the National Stock Exchange of India and BSE Limited on January 8, 2026, in compliance with SEBI listing regulations. Analysts note that IREDA’s sustained excellence underscores its ability to manage an expanding mandate within India’s fast-growing renewable energy sector. The agency’s journey from a “Fair” rating to consecutive “Excellent” ratings demonstrates the effectiveness of its reforms and its pivotal role in supporting India’s clean energy ambitions.

IREDA’s continued success not only reinforces its credibility as a financial institution but also reflects the broader momentum of India’s renewable energy sector. Its track record sets a benchmark for operational and financial performance while signaling the government’s commitment to building a robust green financing ecosystem for the country.