SECI Secures "Excellent" Rating in MoU Performance for FY 2023-24

Tags: Awards

Why in the news?

• Solar Energy Corporation of India Ltd (SECI) has achieved "Excellent" rating for its performance under the Memorandum of Understanding (MoU) with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, earning a score of 96 out of 100.

Important points:

• This achievement highlights SECI's unwavering dedication to operational excellence and upholding the highest standards of corporate governance.

• As a leading Central Public Sector Enterprise, SECI plays a pivotal role in the development and expansion of renewable energy (RE) capacity in India, with a cumulative awarded generation capacity exceeding 73 GW as of December 31, 2024. 

About the SECI:

• SECI is thepremier Renewable Energy Implementing Agency (REIA) in the country, continuously working to meet climate goals and drive sustainable development.

• Recently on30th August 2024, SECI was granted Navratna status by the Ministry of Finance.