IREDA Share Price in Focus; Signs Performance MoU with MNRE for FY27

Indian Renewable Energy Development Agency (IREDA) has signed a performance-based Memorandum of Understanding with the Ministry of New and Renewable Energy (MNRE) for FY 2026-27. The agreement sets strategic targets for the year.  

The MoU was signed on October 5 at Atal Akshay Urja Bhawan in New Delhi by MNRE Secretary Santosh Kumar Sarangi and IREDA Chairman and Managing Director Dr. Bijay Kumar Mohanty. Senior officials from both organisations were also present.  

IREDA and MNRE Set Targets for FY27 

The performance-based agreement provides the framework for IREDA's targets during FY 2026-27. The company has not disclosed the specific numerical targets in the update. 

The document describes the targets as strategic goals for the financial year, without giving details on lending, disbursements, or other financial parameters.  

IREDA CMD on the Year Ahead 

Dr. Bijay Kumar Mohanty thanked MNRE for its continued guidance and support.  

He said the organisation has clear goals for the year and that its team will work towards achieving them and contributing to the broader goal of Viksit Bharat.  

Senior Officials Present at Signing 

The signing ceremony was attended by Anupam Kumar, Joint Secretary, MNRE, along with other senior officials from MNRE and IREDA.  

The agreement therefore sets the targets for IREDA's performance during the current financial year, while the company is yet to provide the detailed numerical goals. 

Read More: Honasa Consumer Share Price Surged Over 10% After Company Reports Q2FY27 Update! 

IREDA Share Price Performance  

As of 06 October 2026, at 12:41 PM, Indian Renewable Energy Development Agency Ltd share price is trading at ₹109.15 per share, reflecting a surge of 0.14% from the previous trading session. 

Conclusion 

The FY27 performance MoU gives IREDA a defined set of strategic targets for the year, with the detailed numerical goals yet to be disclosed. 

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