8.21 lakh houses to be constructed under PMAY-G: Chauhan (See 'Corp Brief') A&C - Where reference application u/s 8 was made long after expiry of outer limit of 120 days from date of service of summons, such reference could not be construed to have been made at earliest: HC (See 'Legal Desk') CCI okays sale of 34% equity of Ashoka Concessions to Ashoka Buildcon (See 'Corp Brief') Trade Marks Act - Defendants have been unauthorisedly using mark 'TATA': HC (See 'Legal Desk') IBC - During CIRP, RP is continuously making payment of license fees and Applicant is accepting that payment, so there is no merit in prayers made by Applicant seeking possession of property: NCLT (See 'Legal Desk') 100% coverage under Social Security Schemes for All BoC workers urged (See 'Corp Brief') Indian Limitation Act - Execution application has not been filed beyond period of limitation: HC (See 'Legal Desk') India Energy Week 2025 to redefine Global Energy Dialogue (See 'Corp Brief') A&C - High Court which exercises original civil jurisdiction can't be classified as 'Court' for purpose of Sec 42 of Arbitration Act when it merely appointed arbitrators u/s 11(6): HC (See 'Legal Desk') C-DOT, IIT Mandi sign MoU for developing Semiconductor Chip (See 'Corp Brief') A&C - Order passed u/s 11 based on arbitration clause, cannot be recalled merely on ground that reply given to notice u/s 21 was suppressed: HC (See 'Legal Desk') 40 Livestock Projects Worth More than Rs. 545 Crores to be inaugurated (See 'Corp Brief') Misc - Supreme Court calls for report from Union Government on effective availability of video conferencing facility for lawyers & litigants in Tribunals functioning within its jurisdiction: SC (See 'Legal Desk') SECL launches Post-Retirement Benefit Cell (See 'Corp Brief') FEMA - Mere delay in submitting export documents would not disqualify credit advanced as 'export credit': HC (See 'Legal Desk') Minister urges J&K youth to embrace Start-ups (See 'Corp Brief') PMLA - Initial complaint can be filed by ED u/s 44 of PMLA, even if investigation is not fully completed: HC (See 'Legal Desk') FRs act of modifying of usual modus operandi of front running, by adopting novel approach to benefit from NPI with respect to substantial impending transaction of Big Client, calls for stringent action: SEBI (See 'Legal Desk') PLI 2.0 fueling India's IT Hardware Revolution (See 'Corp Brief') Contempt of Courts Act - Contempt petition which is attempt to wriggle out of conundrum which petitioner is facing in proceedings before DRT, should not be allowed: HC (See 'Legal Desk') Stamps Act - Rejection of petitioner's bid is wrong and arbitrary on ground that affidavit is not containing stamp of notary: HC (See 'Legal Desk') Roadshow on Offshore Mineral Blocks Auction to be held in Kochi (See 'Corp Brief') IBC - IBC being complete code in itself, having sufficient checks & balances, exercise of supervisory & judicial review powers by High Courts demands rigorous scrutiny and judicious application: SC (See 'Legal Desk') IWDC to invest Rs 50,000 crore in five years (See 'Corp Brief') Companies Act - Continuance of present proceedings qua petitioner would amount to abuse of process of Court : HC (See 'Legal Desk') IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT (See 'Corp Brief') A&C - When statute provides for express agreement in writing, there can be no novation of agreement found, by reason only of appointment of Arbitrator at first instance: HC (See 'Legal Desk') AWBI, NALSAR University sign MoU to train Animal Welfare Representatives (See 'Corp Brief') FEMA-Penalty cannot be imposed without reasonable opportunity of being heard: TRIBUNAL (See 'Legal Desk') Union Minister inaugurates '5G Use Case Test Lab' at CMPDI, Ranchi (See 'Corp Brief') Arbitration Act - Commercial Court has no jurisdiction to adjudicate application u/s 9 of the A&C Act due to exclusive jurisdiction clause in contract agreement : HC (See 'Legal Desk')

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Solar Energy Corporation declares its Financial Results

Published: Aug 08, 2024

By TIOLCorplaws News Service

NEW DELHI, AUG 08, 2024: SOLAR Energy Corporation of India Limited (SECI), one of the leaders in the Renewable Energy (RE) domain, has declared the Financial Results for FY24 on 02nd August 2024.

In FY24, SECI has awarded 8440 MW of RE tenders comprising of Solar, Wind and Hybrid power, which brings the cumulative awarded capacity to 65317 MW.

There has been an increase in annual trading volume by 22.13% over previous year with 42935 million units of electricity being traded.

On standalone basis, the Total Income of the company was Rs 13,135.80 Crore as against the previous year figure of Rs 10,864.43 Crore, registering an increase of 20.91%.

SECI has witnessed an increase of 38.14% in Profit After Tax (PAT) by recording Rs 436.03 Crore in FY24 as compared to the previous year's value of Rs 315.65 Crore

On a consolidated basis, the Profit After Tax (PAT) of the group for FY24 was Rs 510.92 Crore as against the corresponding previous year PAT of Rs 378.77 Crore, registering an increase of 34.89%

The Net Worth of the company stood at Rs 2,811.76 Crore as compared to the figure of Rs 2,376.31 Crore for the previous year, registering an increase of 18.32%.

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