India's solar energy corporation is going public as clean energy heats up

Business Nov 15, 2025

India is speeding up the IPO of Solar Energy Corporation of India (SECI) to ride the wave of interest in renewable energy.
SECI has already helped add about 30GW of wind and solar power, and this move supports India's big climate goals—500GW of clean energy by 2030 and net-zero emissions by 2070.

Why SECI matters: auctions, profits, and what's next

SECI runs major renewable energy auctions that offer payment guarantees to make projects happen. Recently, some government fee waivers were cut, making things trickier for new projects.
Still, SECI plans to boost its project capacity to 10GW.
The company just reported a solid ₹5 billion ($56 million) profit for FY2025—a 15% jump from last year—and is expanding its capacity in line with India's growing demand for green power.