CrackitToday App

Solar Energy Corporation Of India Limited

Solar Energy Corporation Of India Limited:

The Solar Energy Corporation of India Limited (SECI) has been accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE)

  • Solar Energy Corporation of India is the primary implementing agency of the Ministry of New and Renewable Energy, Govt. of India for Renewable Energy schemes/projects.
  • It was established in the year 2011.
  • It has awarded Renewable Energy (RE) project capacities of over 56 GW.
  • It enjoys the highest credit rating of AAA by ICRA.

Criteria for grant of Miniratna status to CPSEs:

  • Miniratna Category-I status: The CPSEs which have made a profit in the last three years continuously, with a pre-tax profit is 30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
  • Miniratna Category-II status: The CPSEs which have made a profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.