The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy (MNRE), has successfully launched and listed its maiden issue of unsecured, rated, non-cumulative, non-convertible, redeemable, taxable debentures worth ₹600 crore on the National Stock Exchange (NSE).
The issue received a strong response from investors, attracting 43 bids amounting to ₹2,156.75 crore—more than three times the total issue size. The debentures carry a coupon rate of 7.14% per annum with a tenure of 10 years and are tradable on the NSE.
According to SECI, proceeds from the issuance will be directed towards capital expenditure for renewable energy projects, recouping expenses already incurred, and other general corporate purposes.
The successful issue not only diversifies SECI’s funding sources but also underscores investor confidence in the company’s role as a key driver of India’s clean energy transition.
Financially, SECI reported robust growth in FY 2024-25 on a standalone basis, with revenue from operations rising to ₹15,185.10 crore from ₹13,035.07 crore in the previous fiscal year. Profit After Tax (PAT) stood at ₹501.92 crore, compared to ₹436.03 crore in FY 2023-24.
With 100% Government of India ownership and a strong balance sheet, SECI continues to position itself as a central player in catalyzing renewable energy investments across the country.
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