Solar Energy Corporation of India Ltd (SECI) attains Navratna Status

Current Context : Solar Energy Corporation of India Ltd (SECI), has been granted the Navratna status by the Ministry of Finance.

• It is a Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy.
• Dedicated to the development and expansion of Renewable Energy (RE) capacity in India with a cumulative generation awarded capacity of 69.25 GW and an annual power trading volume upwards of 42 Billion Units.

ABOUT NAVRATNA STATUS

• The Navratna status is granted to select Public Sector Enterprises (PSEs) in India that have demonstrated strong performance and operational efficiency.
• The designation provides these enterprises with enhanced autonomy in financial and managerial decisions.
• Aim : to enhance the competitiveness and efficiency of PSEs, allowing them to perform better and contribute more significantly to the economy.