Source: ET
Context: Solar Energy Corporation of India Limited (SECI) has been accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE)
CPSEs with a continuous profit record in the last three years, pre-tax profit of at least Rs.30 crores in one of the three years, and a positive net worth are eligible for Miniratna-I status.
The benefits of this status include increased financial powers for investments, greater autonomy in operations, improved corporate governance, and competitive advantage, among others.
About SECI
Solar Energy Corporation of India Ltd. (founded in 2011; HQ: New Delhi; under the Companies Act, 2013) is a company of the Ministry of New and Renewable Energy, established to facilitate the implementation of the National Solar Mission. It is the only Central Public Sector The mandate of the company has also been broadened to cover the entire renewable energy domain.
