SECI announces maiden debenture issue to strengthen renewable energy investments

Reflecting strong investor confidence, the issue received an overwhelming response with 43 bids totalling ₹2,156.75 crore, against the total issue size of ₹600 crore.

Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy (MNRE), has successfully issued and listed its maiden issue of Unsecured, Rated, Non-Cumulative, Non-Convertible, Redeemable, Taxable Debentures on the National Stock Exchange amounting to ₹600 crore.

Reflecting strong investor confidence, the issue received an overwhelming response with 43 bids totalling ₹2,156.75 crore, against the total issue size of ₹600 crore. The Debentures will carry a coupon rate of 7.14 percent per annum and maturity tenure of 10 years. The same are tradable on the National Stock Exchange.

The proceeds from the debentures will be utilised to funding of capital expenditure of the Company towards renewable energy projects, recoupment of capital expenditure already incurred towards renewable energy projects and other general corporate purposes.

This successful issuance will diversify SECI’s funding sources and also reinforces its role in advancing India’s clean energy transition. SECI has demonstrated robust financial growth in FY 2024-25 on standalone basis: –

• Revenue from Operations: ₹15,185.10 crore (vs. ₹13,035.07 crore in FY 2023-24)
• Profit After Tax (PAT): ₹501.92 crore (vs. ₹436.03 crore in FY 2023-24)

Backed by its strong balance sheet and 100 percent Government of India ownership, SECI continues to play a pivotal role in catalysing renewable energy investments across the country.
[4:11 pm, 1/10/2025] Sohail Sir EPR: IREDA sees 86% growth in sanctions, loan book expands 31% to ₹84,445 cr

Loan sanctions surged by 86 percent to ₹33,148 crore in H1 FY 2025-26, compared to ₹17,860 crore in the same period last year.

Indian Renewable Energy Development Agency Ltd. (IREDA) has continued its robust performance in the current financial year, registering a significant rise in its key business indicators for the half year ended September 30, 2025, based on provisional data.

Loan sanctions surged by 86 percent to ₹33,148 crore in H1 FY 2025-26, compared to ₹17,860 crore in the same period last year. Loan disbursements also recorded healthy growth, rising 54 percent to ₹15,043 crore from ₹9,787 crore in H1 of FY 2024-25. The company’s outstanding loan book stood at ₹84,445 crore as on September 30, 2025, reflecting a 31 percent increase over ₹64,564 crore in the corresponding period of the previous financial year.

Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “The momentum achieved in the first half of this financial year is a clear indication of IREDA’s continued leadership in renewable energy financing. We will build on this foundation to further scale up support for clean energy projects in alignment with the nation’s green energy goals.”

He expressed gratitude to the Union Minister for New & Renewable Energy; Minister of State for New & Renewable Energy; Secretary, MNRE; Board of Directors; and all stakeholders for their constant guidance and support. He also appreciated Team IREDA for their dedication and contribution towards sustaining continuous growth.

Figures are provisional and subject to audit.