During FY 22-23, SECI sees a 59% increase in RE power trading

25 Apr 2023 CW Team

Over 35 BU (Billion Units) worth of renewable energy power had been traded by Solar Energy Corporation of India Limited (SECI), a rise of more than 59% in volume over the prior year. Similarly, for the first time since it began, the revenue from power trading has surpassed the Rs. 100 billion level. Suman Sharma, MD, commented on the accomplishment by saying, "India is witnessing an energy transition towards sustainable sources at an unprecedented pace and SECI is striving hard to have the maximum contribution in the nation's journey towards 500 GW of non-fossil fuel by 2030, as announced by Prime Minister. The SECI management and staff are working nonstop to achieve this objective.”

Incorporated in 2011, the Solar Energy Corporation of India Limited is a Miniratna Category-I Central Public Sector Enterprise (CPSE). In order to achieve India's international commitments, it serves as the Ministry of New and Renewable Energy's primary implementing agency for renewable energy plans and projects. Over 56 GW worth of Renewable Energy (RE) project capabilities have been awarded by SECI thus far. In addition, SECI works as a project management consultant (PMC) for other public sector organisations as well as for its own investments in project establishment. ICRA has given SECI its highest credit rating, AAA.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..