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 issued and listed its first-ever Unsecured, Rated, Non-Cumulative, Non-Convertible, Redeemable, Taxable Debentures on the National Stock Exchange, raising ₹600 crore. The maiden issue reflected strong investor confidence, receiving 43 bids worth ₹2,156.75 crore against an initial issue size of ₹300 crore.
The debentures, carrying a coupon rate of 7.14 percent per annum and a maturity period of 10 years, are tradable on the National Stock Exchange. Funds raised through the issuance will be used for capital expenditure on renewable energy projects, recovery of expenses already incurred on such projects, and other general corporate purposes. This diversification of funding sources strengthens SECI’s financial strategy while reinforcing its central role in advancing India’s clean energy transition. The company has reported solid financial performance in FY 2024–25 on a standalone basis.
Revenue from operations stood at ₹15,185.10 crore, compared to ₹13,035.07 crore in FY 2023–24, while Profit After Tax rose to ₹501.92 crore from ₹436.03 crore in the previous year. Backed by a strong balance sheet and 100 percent ownership by the Government of India, SECI continues to serve as a key catalyst for renewable energy investments and project development across the country.
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