SECI Attains Navratna Status

On 30th August, 2024, Solar Energy Corporation of India Ltd (SECI), a leading Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy, has awarded Navratna status by the Ministry of Finance.

SECI, established 13 years ago, plays a crucial role in expanding India's Renewable Energy (RE) capacity, with a cumulative generation awarded capacity of 69.25 GW.
The company has achieved an annual power trading volume exceeding 42 billion units, positioning itself as the foremost Renewable Energy Implementing Agency (REIA) in India.
SECI reported a consolidated annual turnover of ₹13,118.68 crore in the Financial Year 2023-24, marking a 20.85% increase over the previous year.
The company also registered a Profit After Tax (PAT) of ₹510.92 crore, reflecting a growth of 34.89% during the same period.
Attaining Navratna status grants SECI enhanced autonomy in financial and operational matters, enabling it to accelerate its growth with improved agility, a broader geographical presence, and a focus on advanced technologies.
This achievement underscores the Indian government's commitment to transitioning towards sustainable energy sources.