Solar Energy Corporation of India Ltd (SECI), a Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy has been granted the Navratna status on 30th August 2024 by the Ministry of Finance.
Completing its 13 years of incorporation, SECI is a leading CPSE dedicated to the development and expansion of Renewable Energy (RE) capacity in India with a cumulative generation awarded capacity of 69.25 GW and an annual power trading volume upwards of 42 Billion Units. SECI is the foremost Renewable Energy Implementing Agency (REIA) of India which is continuously working towards fulfilling climate goals and striving for sustainable development.
The company has posted a consolidated annual turnover of Rs. 13,118.68 Crore registering an increase of 20.85% over the previous year and Profit After Tax (PAT) of Rs 510.92 Crore registering a growth 34.89% in the Financial Year 2023-24.
Classification as a Navratna CPSE enables SECI towards enhanced autonomy in financial and operational matters and will accelerate the company’s growth path through better agility, improved geographical presence and technology focus. This is yet another marker of the Government’s focus on India’s transition towards sustainable energy.
You may also like
-
Dot Simplifies Approval Processes For Telecom Licenses And Wireless Equipment
-
PM to Inaugurate SEMICON India 2024 on 11th September
-
Shri Piyush Goyal Sets 500 Million Tonnes Domestic Steel Production Target by 2034
-
NHAI to Track Around 100 Toll Plazas with GIS-Based Software for Seamless Movement of Traffic at National Highways
-
“Marching Towards Building A Digitally Connected Bharat and An Atmanirbhar Telecom Sector”: Union Minister Jyotiraditya Scindia
%20Attains%20Navratna%20Status){kind=link}