State-Run SECI's Renewable Energy Business Generates Record Rs 10,000 Crore Revenue In FY23

State-run PSU Solar Energy Corporation of India (SECI) has reported a significant increase in renewable energy power trading volume during FY 2022-23, amounting to over 35 billion units, a 59 per cent increase from the previous year.

Further, the company has also achieved revenue from power trading of over Rs 10,000 crore for the first time since its inception.

SECI is a miniratna category-I central public sector enterprise (CPSE) incorporated in the year 2011.

It is the primary implementing agency of the Central government's Ministry of New and Renewable Energy for renewable energy schemes/projects towards fulfillment of India's international commitments.

Till date, SECI has awarded renewable energy (RE) project capacities of over 56 GW.

SECI is also active in setting up of projects through its own investments as well as for other public sector entities as Project Management Consultant (PMC).

Speaking on the achievement, SECI MD Suman Sharma said, “India is witnessing an energy transition towards sustainable sources at an unprecedented pace and SECI is striving hard to have the maximum contribution in nation’s journey towards 500 GW of non-fossil fuel by 2030, as announced by HonourablePrime Minister".