SECI, a wholly owned subsidiary of the Indian government, is a Miniratna Category-I Central Public Sector Enterprise (CPSE).
- On the basis of a set of criteria, the government allowed some profit-making organizations some autonomy and financial power in October 1997.
- The following list contains the requirements established by the government for Central Public Sector Enterprises (CPSEs) to receive Miniratna status:
- Miniratna Category-I classification is only given to CPSEs that have been profitable for the last three years in a row, had pre-tax profits of at least Rs. 30 crore in at least one of those three years, and have a positive net worth.
- Miniratna Category-II Status: CPSEs that have a positive net worth and have generated profits for the last three years straight are eligible to be evaluated for the award of Miniratna-II status.
- The Miniratna CPSEs shouldn’t have fallen behind on any interest payments or loan repayments to the government.
Miniratna CPSEs must not rely on government assurances or budgetary support.
Indian Solar Energy Corporation (SECI)
- It was established on September 20, 2011, to aid in the execution of the National Solar Mission (NSM) and is administratively controlled by the Ministry of New and Renewable Energy (MNRE).
- It is the sole CPSU focused on the field of renewable energy. According to changes made under the 2013 Companies Act, the company’s mandate has been expanded to include the entire field of renewable energy.
- Headquater: New Delhi