New Delhi: The Solar Energy Corporation of India Limited (SECI), a prominent Navratna Central Public Sector Enterprise, has achieved a significant financial landmark by presenting its highest-ever dividend payout of ₹115 crore to the Government of India.
In a formal ceremony held in the national capital, Shri Santosh Sarangi, Secretary of the Ministry of New and Renewable Energy (MNRE) and Chairman of SECI, handed over the dividend cheque to Shri Pralhad Joshi, the Union Minister for New and Renewable Energy.
This record-breaking payout follows a period of exceptional growth and operational scaling for the corporation. Minister Shri Pralhad Joshi highlighted that the milestone underscores the rising strategic importance of SECI in India’s energy transition.
He extended his commendations to the entire SECI team for their outstanding contributions to the renewable energy sector and expressed confidence in their future endeavors as they continue to lead the country’s green energy mandate.
Under the leadership of Shri Santosh Sarangi, SECI has demonstrated robust financial and operational performance. For the financial year 2024-25, the corporation secured an excellent rating in its Memorandum of Understanding (MoU) with the MNRE, achieving a remarkable score of 97.36 out of 100.
Key performance metrics during this tenure include a 16.54 percent year-on-year growth in total income, which exceeded ₹15,000 crore, and a Profit After Tax (PAT) of ₹501.92 crore.
Beyond financial success, SECI has significantly expanded its influence in the energy market. The corporation recorded an 18.48 percent increase in annual power trading volume, reaching over 50 billion units.
As a Nodal Agency, SECI has been instrumental in awarding over 76 GW of cumulative renewable energy capacity and signing Power Sale Agreements (PSAs) for more than 60 GW.
This strong performance positions SECI as a central pillar in achieving India’s ambitious goal of 500 GW of non-fossil fuel capacity by 2030