Question
Indian Renewable Energy Development Agency (IREDA), has
signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy, Government of India.As per the MoU,how much is the Revenue from Operations been fixed as a target for IREDA for 2023-24?Solution
Indian Renewable Energy Development Agency (IREDA), has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy, Government of India. As per the MoU, the Government of India has set a Revenue from Operations target for IREDA, of ₹ 4,350 crores for the financial year 2023-24 and ₹ 5,220 crores for 2024-25. Notably, the company had achieved a Revenue from Operations figure of ₹ 3,482 crores in the preceding fiscal year, against a target of ₹ 3,361 crores.
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