Categories: Business

Solar Energy Corporation of India gets ‘Miniratna Category-I’ status

The Ministry of New and Renewable Energy has granted Miniratna Category-I Central Public Sector Enterprise (CPSE) status to the state-owned Solar Energy Corporation of India Ltd (SECI), according to a statement. SECI, which was established in 2011, is the primary implementing agency for renewable energy schemes/projects of the Ministry of New and Renewable Energy aimed at fulfilling India’s international commitments. SECI has played a Central role in the rapid increase of RE generation capacity in the country and has contributed towards the nation’s climate commitments, carbon emission reduction strategies and sustainable energy transition.

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SECI has awarded more than 56 GW of Renewable Energy (RE) project capacities to date. It also plays an active role in establishing projects through its own investments and as a Project Management Consultant (PMC) for other public sector entities. SECI has received a top credit rating of AAA from the domestic rating agency ICRA.

Important Takeaways For All Competitive Exams:

Solar Energy Corporation of India Ltd Founded: 9 September 2011;
Solar Energy Corporation of India Ltd HQ: New Delhi;
Solar Energy Corporation of India Ltd Managing Director: Suman Sharma.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.