SECI plans to launch IPO in 1 or 2 yrs to expand renewable energy capacity

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SECI plans to launch IPO in 1 or 2 yrs to expand renewable energy capacity - Business Standard

Quick Summary:

State-owned Solar Energy Corporation of India (SECI) will go public to raise funds in next one or two year in order to expand renewable energy capacity in the country, said a top company official.

India has 207 GW of renewable energy capacity and still needs to add at least 50 GW per annum every year till 2030 to achieve 500 GW target.

The remark comes at a time when India aims to have 500 GW of renewable energy capacity by 2030.