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Solar Energy Corporation
Defence Research & Development Organisation on Tuesday signed an MoU to collaborate on the development of 300 MW capacity of solar-based renewable energy projects across DRDO establishments in India.In a post on X, the DRDO stated that a Memorandum of Understanding (MoU) was signed with the Solar Energy Corporation of India (SECI), which operates under the Ministry of New and Renewable Energy."Defence Research & Development Organisation (DRDO) under the Ministry of Defence and the Solar Energy Corporation of India (SECI) under the Ministry of New & Renewable Energy(MNRE) signed a landmark Memorandum of Understanding (MoU) to collaborate on the development of 300 MW capacity of solar-based renewable energy projects across DRDO establishments in India," wrote DRDO.The MoU exchange ceremony took place at DRDO Bhawan in New Delhi. Dr Samir V. Kamat, Secretary of the Department of Defence R & D and Chairman of DRDO, along with Santosh Kumar Sarangi, IAS, Secretary of .
State-owned Solar Energy Corporation of India (SECI) on Monday posted a 15 per cent rise in its net profit to Rs 501.92 crore in fiscal 2024-25, driven mainly by higher revenues. As per the audited standalone financial results for the year ending March 31, 2025, SECI has recorded revenue from operations of Rs 15,185.10 crore and Profit After Tax (PAT) of Rs 501.92 crore, the company statement said. In comparison, it stated that the SECI's revenue from operations for the financial year 2023-24 stood at Rs 13,035.07 crore, and PAT was Rs 436.03 crore. Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy and Chairman & Managing Director (Additional Charge), SECI, said, "This performance reflects the Corporation's commitment to financial discipline and institutional delivery." He further stated that crossing the Rs 15,000 crore revenue and Rs 500 crore PAT benchmark represents a significant development in SECI's financial roadmap. These results improve the ...
State-owned Solar Energy Corporation of India (SECI) has extended the timeline for submission of bids for contract for the production and supply of green ammonia under the National Green Hydrogen Mission by four days to June 30. Earlier, the last date for submission was June 26, 2025. According to a statement, SECI has extended the bid submission date for its ongoing tender pertaining to the production and supply of green ammonia. Issued on June 7, 2024, the tender is part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme - Mode 2A, Tranche I. The tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the country. SECI, as the implementing agency, will aggregate demand and enter into long-term offtake agreements with selected green ammonia producers. These agreements will provide commercial certainty for a 10-year duration and support market development
State-owned Solar Energy Corporation of India (SECI) on Friday said its cumulative awarded capacity for renewable energy projects exceeded 73 GW in December. SECI is the premier Renewable Energy Implementing Agency (REIA) in the country, continuously working to meet climate goals and drive sustainable development, a SECI statement said. 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, according to the statement. SECI has achieved an "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, it stated. In the financial year 2023-24, the company witnessed a substantial increase of 22.13 per cent in its annual trading volume, with a total of 42.935 billion ...
Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government cannot scrap power purchase agreements with the Solar Energy Corporation of India (SECI) without obtaining solid proof of bribery allegations. The Chief Minister's comments assume significance in the backdrop of Adani being indicted by the US Department of Justice over his role in an alleged years-long scheme to pay USD 250 million bribes to Indian officials in exchange for favourable solar power contracts, including from Andhra Pradesh. This allegation was refuted by the Indian conglomerate. The previous YSRCP regime in Andhra Pradesh is embroiled in this alleged scam with claims that government officials received bribes from the Adani Group, which reportedly amounted to Rs 1,750 crore. We are getting proper documentation and once we get that then we will take action (if there was any corruption involved). If we cancel the MoUs right away then it may lead to legal issues and unnecessary complications, Naid
Avaada Energy on Monday said it has bagged a 280 megawatt renewable energy project from Solar Energy Corporation of India (SECI). SECI is the nodal agency of the central government for auctioning renewable energy projects. "Avaada Energy has won the 280 MWp project under tariff-based competitive bidding carried out by SECI as a part of SECI's 2 GW ISTS (inter-state transmission system ) connected solar projects (Tranche XI)," the company said in a statement. The bidding allows flexibility to Avaada Energy to set up the solar power project anywhere in India and supply green electricity on long term at a tariff of Rs 2.61/kWh (kilowatt hour). The project will become operational within 18 months from the signing of power purchase agreement (PPA), it said. The company did not disclose any financial details related to the project. As per industry standards, Rs 6-7 crore is required to set up 1 MW of green energy capacity.