Solar Energy Corporation of India Ltd. (SECI) has received an “Excellent” rating for its performance under the Memorandum of Understanding (MoU) signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2024–25. The assessment reflects the corporation’s strong institutional performance and effective execution of its mandated responsibilities during the year.
In the MoU performance evaluation, SECI achieved a high score of 97.36 out of 100, underscoring its operational efficiency, sound governance practices, and sustained contribution to advancing India’s renewable energy objectives. The rating takes into account performance across multiple parameters, including operational effectiveness, financial results, project implementation, and adherence to corporate governance standards.
Key Role in India’s Renewable Energy Expansion
A Navratna Central Public Sector Enterprise (CPSE), SECI continues to play a pivotal role in implementing the Government of India’s renewable energy programmes. As of 31 December 2025, the corporation has awarded more than 76 GW of cumulative renewable energy generation capacity. In addition, the total capacity under Power Sale Agreements (PSAs) signed by SECI has crossed 60 GW, highlighting its leadership position in the sector.
SECI’s portfolio spans large-scale solar, wind, hybrid and emerging renewable energy projects, supported by innovative project structures aimed at accelerating clean energy deployment across the country.
Financial and Trading Performance in FY 2024–25
During FY 2024–25, SECI recorded robust growth across key financial and operational metrics. Annual power trading volume increased by 18.48 percent to 50.87 billion units. The corporation’s total income for the year exceeded ₹15,000 crore, marking a year-on-year growth of 16.54 percent.
SECI also reported a Profit After Tax (PAT) of ₹501.92 crore, reflecting a 15.11 percent increase compared to the previous financial year. These results demonstrate strong financial discipline and the effectiveness of SECI’s trading and project execution strategies.
Commitment to Clean Energy Goals
The strong MoU performance reinforces SECI’s continued contribution to India’s renewable energy transition through large-scale project development, power trading, and prudent financial management. Operating under the aegis of the Ministry of New and Renewable Energy, SECI serves as a key nodal agency for achieving national renewable energy targets.
Looking ahead, SECI remains committed to supporting India’s shift towards clean and sustainable energy by leveraging innovative project configurations and strengthening its role as a central pillar of the country’s renewable energy ecosystem.
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