In Short : Solar Energy Corporation of India (SECI) has achieved an “Excellent” rating in its MoU performance for FY 2023-24. This top rating underscores SECI’s success in exceeding its goals and advancing renewable energy initiatives. The recognition highlights SECI’s pivotal role in driving India’s sustainable energy agenda and reinforces its commitment to excellence in the renewable sector.
In Detail : Solar Energy Corporation of India Ltd (SECI) has achieved “Excellent” rating for its performance under the Memorandum of Understanding (MoU) with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, earning a score of 96 out of 100. This achievement highlights SECI’s unwavering dedication to operational excellence and upholding the highest standards of corporate governance.
As a leading Central Public Sector Enterprise, SECI plays a pivotal role in the development and expansion of renewable energy (RE) capacity in India, with a cumulative awarded generation capacity exceeding 73 GW as of December 31, 2024. SECI is the premier Renewable Energy Implementing Agency (REIA) in the country, continuously working to meet climate goals and drive sustainable development.
In the financial year 2023-24, the company witnessed a substantial increase of 22.13% in its annual trading volume, with a total of 42.935 billion units traded. SECI recorded a total income of Rs. 13,135.80 Cr., signifying a robust growth of 20.91% over the preceding year. Furthermore, the company achieved a Profit After Tax (PAT) of Rs. 436.03 Cr., reflecting a commendable growth of 38.13%.
Recently on 30th August 2024, SECI was granted Navratna status by the Ministry of Finance.
