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, setting a revenue from operations target of ₹24,000 crore.
The SECI FY27 MoU establishes performance targets across key areas, including renewable energy trading, project execution, capital expenditure, Return on Net Worth and priorities identified by the administrative ministry.
MNRE Secretary Santosh Kumar Sarangi and SECI Director (Finance) Joshit Sikidar signed the agreement at Atal Akshay Urja Bhawan in New Delhi in the presence of senior officials from both organisations.
SECI to Focus on Performance and Emerging Energy Areas
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 strengthen its presence in new and emerging areas alongside its core business activities to support India’s clean energy transition.
The MoU provides a performance framework for the company’s operations during the year, with revenue generation, project implementation and financial performance among its key parameters.
