SECI Achieves ‘Excellent’ Rating in MoU Performance for FY 2024–25

**Executive Summary** This report announces that the Solar Energy Corporation of India Ltd. (SECI) has achieved 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 SECI’s strong institutional performance and effective implementation of its mandated objectives during the year. The report highlights SECI's key performance metrics, contributions to India's renewable energy goals, and role in supporting the country's transition to clean and sustainable energy. **Key Points / Main Content** * **Overall Performance:** * SECI achieved an "Excellent" rating for its MoU performance for FY 2024-25. * Secured a score of 97.36 out of 100 in the MoU performance evaluation. * **Renewable Energy Contribution:** * Awarded over 76 GW of cumulative renewable energy generation capacity as of December 31, 2025. * Power Sale Agreements (PSAs) signed have crossed 60 GW. * Plays a key role in meeting the country's RE goals and spearheading the RE sector with innovative project configurations. * Supports the country's transition towards clean and sustainable energy in line with national policy objectives. * **Financial Performance:** * Recorded an 18.48 percent increase in annual power trading volume, with 50.87 billion units traded in FY 2024-25. * Total income for the year exceeded 15,000 croreINR, registering a 16.54 percent year-on-year growth. * Reported a Profit After Tax (PAT) of ₹501.92 crore, reflecting a growth of 15.11 percent over the previous financial year. * **SECI's Role and Focus:** * SECI is a leading Navratna Central Public Sector Enterprise (CPSE) under the aegis of Ministry of New and Renewable Energy. * Appointed as a nodal agency by the Government, SECI plays a key role in meeting the country's RE goals. * Focused on expansion of Renewable Energy (RE) in the country. **Impact Analysis** **Ministry of New & Renewable Energy (MNRE)** * **Impact:** The MNRE benefits from SECI's strong performance and contributions to national renewable energy targets, validating its policies and support for the sector. * **Action Required:** Continue to support SECI's initiatives and leverage its expertise in driving further growth in the renewable energy sector. **Solar Energy Corporation of India Ltd. (SECI)** * **Impact:** SECI's "Excellent" rating enhances its reputation and position as a key player in the renewable energy sector, potentially leading to increased investment and project opportunities. * **Action Required:** Maintain high standards of operational efficiency, financial performance, and adherence to corporate governance to sustain its leadership in the sector. **Renewable Energy Sector Stakeholders (Developers, Investors, Consumers)** * **Impact:** SECI's strong performance instills confidence in the renewable energy sector and encourages further investment and participation. * **Action Required:** Continue to explore opportunities for collaboration with SECI and leverage its expertise to advance renewable energy projects. **Indian Government** * **Impact:** SECI's rating shows its commitment to its MoU obligations * **Action Required:** Monitor the progress of all government projects and continue to work with SECI for renewable energy goals.

Key Entities Referenced