REC raises $1.15 billion in syndicated term loans in August
The state-owned power finance company will utilize the proceeds to fund power, infrastructure, and logistics sector projects.
‘SECI’s 10 GW solar tender will not attract big developers’
Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.
Wipro, State Bank of India lead corporate drive for EV
Wipro Limited and State Bank of India (SBI) has become the first from India to join The Climate Group’s global Electric Vehicle initiative, EV100. Wipro expects to scale up the EV to 1000 by 2023, whereas, SBI will set up charging stations in major residential spaces.
SBI announces loans worth INR 23.17 billion ($357 million) for rooftop solar in India
The State Bank of India (SBI) announces the deal at a press conference on financing grid-connected rooftop solar PV projects in association with World Bank held in Mumbai on October 30.
