SECI Achieves Navratna Status, Strengthening India’s Renewable Energy Efforts

The Solar Energy Corporation of India Ltd (SECI), a Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy, has been granted Navratna status by the Ministry of Finance. This recognition, which marks SECI’s 13th year since its incorporation, enhances its financial and operational autonomy, paving the way for accelerated growth and innovation in India’s renewable energy sector.

SECI has established itself as a leading force in 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 exceeding 42 billion units, SECI continues to play a pivotal role as the country’s foremost Renewable Energy Implementing Agency (REIA). The company’s efforts align with national climate goals, contributing significantly to sustainable development.

In the financial year 2023-24, SECI reported a consolidated annual turnover of ₹13,118.68 crore, reflecting a 20.85% increase from the previous year. Additionally, the company posted a Profit After Tax (PAT) of ₹510.92 crore, marking a 34.89% growth.

The Navratna status is expected to further empower SECI, allowing for greater agility, expanded geographical presence, and a stronger focus on technology. This milestone underscores the government’s commitment to advancing India’s transition towards sustainable energy.