Published on: April 15, 2023

Solar Energy Corporation of India Limited

Solar Energy Corporation of India Limited

Why in news? Solar Energy Corporation of India Limited (SECI) has been accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE)

Highlights:

  • According to the government norms, Miniratna Category-I status is granted to CPSEs that have made a profit in the last three years continuously, have a pre-tax profit is Rs.30 crores or more in at least one of the three years, and have a positive net worth.

About Solar Energy Corporation of India Limited

  • Solar Energy Corporation of India Ltd. (SECI) is a company of the Ministry of New and Renewable Energy, established to facilitate the implementation of the National Solar Mission (NSM).
  • It is the only Central Public Sector Undertaking (PSU) dedicated to the solar energy sector.
  • The company is responsible for implementation VGF schemes for large-scale grid-connected projects under National Solar Mission, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes such as defence scheme, solar canals, and Indo-Pak border scheme.
  • It is registered under the Companies Act, 2013.