Solar Energy Corporation of India Ltd. (SECI) is a public sector undertaking under the Ministry of New and Renewable Energy, Government of India, established to facilitate the implementation of the National Solar Mission (NSM).[2] The company's mandate has been broadened to cover the entire renewable energy domain. The company attained Navratna status in 2024, which allows the organisation to undertake substantial investments of up to ₹1,000 crore without needing approval from the centre. SECI has also been designated as one of the Renewable Energy Implementing Agencies (REIA) by the Government for the addition and expansion of Renewable Energy capacity in the country.
The company is responsible for implementation of several government schemes,[3] major ones being the VGF schemes for large-scale grid-connected projects under NSM, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes.
In addition, SECI has ventured into solar project development on a turnkey basis for several PSUs.[4] The company also has a power-trading licence and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it.[5]