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 โน600 crore. The maiden issue reflected strong investor confidence, receiving 43 bids worth โน2,156.75 crore against an initial issue size of โน300 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 SECIโs financial strategy while reinforcing its central role in advancing Indiaโs clean energy transition. The company has reported solid financial performance in FY 2024โ25 on a standalone basis.
Revenue from operations stood at โน15,185.10 crore, compared to โน13,035.07 crore in FY 2023โ24, while Profit After Tax rose to โน501.92 crore from โน436.03 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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