SECI Invites Public Sector Banks for ₹100 Crore Fixed Deposit Investment

New Delhi: Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Undertaking driving renewable energy growth in India, has invited quotations from Public Sector Banks (PSBs) for placing up to ₹100 crore in term/fixed deposits. The investment will be made in Delhi NCR branches, with a tenure of 365 days (+/-1 day).

Banks are required to submit one quotation per bank, with the highest interest rate considered for final selection. SECI reserves the right to decide the final quantum and period of the fixed deposit.

Eligibility and Technical Criteria

• Minimum Net Worth: PSBs – ₹5,000 crore; Private Banks – ₹15,000 crore (as of 31 Dec 2025)

• Branch Requirement: Must have a branch in Delhi NCR

• NPA Limits: Net NPA < 2%, Gross NPA < 5%

Submission Instructions

• Quoted rates must be valid until March 13, 2026

• Submit password-protected PDF via email by 4:00 PM on March 13, 2026

• PDF password will be shared at 4:15 PM via email or phone (Mob: 7980144155 / 8430234103)

• Include latest financial parameters (Q3 FY 2025-26) on bank letterhead with authorized stamp:

  • Paid-up Capital and confirmation of RBI compliance

  • Capital Adequacy ratio

  • Net Worth

  • Confirmation of NPA limits

SECI has clarified that no penalty charges will apply for pre-maturity of the investment, and deposits may be made in parts.

This initiative is part of SECI’s strategic fund management, ensuring optimal returns while maintaining liquidity to support India’s renewable energy projects.