SECI granted Navratna status, PAT grows 34.89 percent in FY24 Published 3 months ago By SuperAdmin SECI, which completed 13 years of incorporation, posted a consolidated annual turnover of Rs 13,118.68 crore, up 20.85 per cent from the previous year.New Delhi: The Solar Energy Corporation of India Ltd (SECI) was conferred with the Navratna status by the Ministry of Finance on Friday. The Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy reported a 34.89 per cent increase in Profit After Tax (PAT) to Rs 510.92 crore for the financial year 2023-24.SECI, which completed 13 years of incorporation, posted a consolidated annual turnover of Rs 13,118.68 crore, up 20.85 per cent from the previous year.The company, a key player in India’s renewable energy sector, has awarded a cumulative generation capacity of 69.25 GW and achieved an annual power trading volume of over 42 billion units.The Navratna status will provide SECI with greater autonomy in financial and operational matters, supporting its growth and contributing to India’s renewable energy targets.
