Page 8 - CV- Feb-March 2023 copy
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INDIAN RENEWABLE ENERGY


              DEVELOPMENT AGENCY EYES 18%


                         RISE IN REVENUES IN FY23















































         State-owned Indian Renewable Energy Development Agency   operation is set, which is about 18 per cent higher than the
         (IREDA) is targetting an 18 per cent rise in revenue from   previous year's achievement (2021-22), the statement said.
         operations to Rs 3,361 crore this fiscal. IREDA has signed a
         memorandum of understanding (MoU) with the Ministry of New   The government has also set various performance-related key
         and Renewable Energy (MNRE) for the annual performance   parameters, such as return on net worth, return on capital
         target for 2022-23, the Ministry of New and Renewable Energy   employed, NPA (bad loans) to total loans, asset turnover ratio
         said in a statement.                                   and earnings per share, etc.

         The MOU was signed by Bhupinder Singh Bhalla, New &    Das highlighted that the IREDA has been delivering exemplary
         Renewable Energy Secretary and Pradip Kumar Das, Chairman   performances for the previous two financial years and is fully
         & Managing Director, IREDA, on Friday.                 geared to meet these targets.Das highlighted th  at  the  IREDA
                                                                has  been delivering exemplary performances for the previous
         Under the MoU, a target of Rs 3,361 crores for revenue from the   two financial years and is fully geared to meet these targets.


         6 / CONSTRUCTION VISION / February-March  2023
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