Indian Renewable Energy Development Agency Limited (IREDA) has achieved an 'Excellent' rating for the financial year 2024-25 in its Memorandum of Understanding (MoU) with the Ministry of New & Renewable Energy (MNRE). The company secured a score of 96.42 out of 100, marking the fifth consecutive year of receiving this prestigious rating. This consistent high performance underscores IREDA's operational efficiency, financial discipline, and strong corporate governance.

Following a 'Fair' rating with a score of 45.83 in FY 2019-20, IREDA implemented significant institutional reforms. These changes have strengthened its systems, processes, and culture, enabling it to achieve consecutive 'Excellent' ratings and establish itself as the country's largest pure-play green NBFC.

Shri Pradip Kumar Das, Chairman & Managing Director of IREDA, stated, “Receiving the ‘Excellent’ rating for the fifth consecutive year is a matter of great pride for IREDA. This recognition is a testament to the dedication of our employees, confidence of our stakeholders, and the consistent guidance and support of the Government of India. We remain committed to strengthening India’s clean energy ecosystem and accelerating the nation’s green energy transition.” He also expressed gratitude to Shri Pralhad Joshi, Shri Shripad Yesso Naik, Shri Santosh Kumar Sarangi, and the Board of Directors for their support and guidance.