New Delhi: The Solar Energy Corporation of India (SECI), a leading public sector enterprise under the Ministry of New and Renewable Energy (MNRE), has posted a 15% increase in net profit, reaching ₹501.92 crore for the financial year 2024-25. The growth was primarily driven by higher revenues from operations and the organisation’s expanding role in India’s clean energy transition.
Financial Performance Highlights
As per SECI’s audited standalone financial results for the year ending March 31, 2025:
- Revenue from operations stood at ₹15,185.10 crore
- Profit After Tax (PAT) was ₹501.92 crore
- In comparison, during FY 2023-24, SECI reported:
- Revenue of ₹13,035.07 crore
- PAT of ₹436.03 crore
This marks a significant jump in both revenue and profitability, reaffirming SECI’s growing financial strength and operational capability.
Leadership Statement: Focus on Institutional Delivery
Santosh Kumar Sarangi, Secretary of MNRE and Chairman & Managing Director (Additional Charge), SECI, hailed the results as a major step forward:
“This performance reflects the Corporation’s commitment to financial discipline and institutional delivery. Crossing the ₹15,000 crore revenue and ₹500 crore PAT benchmark is a significant development in SECI’s financial roadmap.”
Strengthening India’s Clean Energy Infrastructure
SECI’s performance in FY 2024-25 comes on the back of its expanding role in:
- Power trading
- Project execution
Implementation of Government of India clean energy schemes
Backed by its Navratna PSU status and a robust pipeline of solar, wind, hybrid, and storage projects, SECI is also emerging as a key player in new-age green sectors including:
- Energy storage
- Green hydrogen
- Offshore wind energy
These results enhance SECI’s financial ability to support large-scale decarbonisation initiatives aligned with India’s net-zero vision.
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About SECI
The Solar Energy Corporation of India (SECI) is the nodal agency under the Ministry of New and Renewable Energy (MNRE), responsible for implementing renewable energy schemes, including solar, wind, and green hydrogen initiatives. SECI plays a key role in auctioning and project facilitation to accelerate India’s transition to sustainable energy.
