Navratna CPSE, SECI Achieves Excellent Rating under MoU performance in FY24

Solar Energy Corporation of India Ltd (SECI) has been awarded an “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. SECI scored 96 out of 100, demonstrating its commitment to operational efficiency and strong corporate governance standards.

As a leading Central Public Sector Enterprise, SECI plays a crucial role in India's growth of renewable energy. By December 31, 2024, the company had awarded a cumulative renewable energy generation capacity exceeding 73 GW.

SECI is recognized as India’s top Renewable Energy Implementing Agency (REIA), contributing significantly to the nation’s climate goals and sustainable development agenda.

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In FY 2023-24, SECI reported notable achievements. Its annual trading volume rose by 22.13%, with 42.935 billion units traded. The company also recorded a total income of Rs 13,135.80 crore, marking a growth of 20.91% compared to the previous year.

Additionally, SECI achieved a Profit After Tax (PAT) of Rs 436.03 crore, reflecting a significant 38.13% growth.

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