SECI signs annual performance MoU with MNRE; targets Rs 24,000 crore revenue in FY27

New Delhi: Solar Energy Corporation of India (SECI) has signed its performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the financial year 2026-27, with a revenue from operations target of Rs 24,000 crore.

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The MoU sets performance targets across key areas, including renewable energy trading, project execution, capital expenditure, Return on Net Worth and priorities identified by the administrative ministry.

The agreement has been signed by MNRE Secretary Santosh Kumar Sarangi and SECI's Director (Finance) Joshit Sikidar at Atal Akshay Urja Bhawan in New Delhi in the presence of senior officials from both organisations.

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Commenting on the agreement, Sikidar said SECI would build on its performance record and continue to play a leading role in India's renewable energy sector.

He added that the company would also strengthen its presence in new and emerging areas alongside its core business activities to support India's clean energy transition.

The FY27 MoU provides a performance framework for SECI's operations, with revenue generation, project implementation and financial performance among the key parameters for the year.

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