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Fibe launches solar loan solution for middle-income homes in small cities
Fibe has launched a new rooftop solar financing solution aimed at middle-income households, especially in Tier 2 and Tier 3 cities. The digital lending platform is offering collateral-free loans of up to Rs 500,000 for residential rooftop solar systems. This new offering is designed to make solar more affordable. It covers 100 per cent of…
JSW Energy wins bid for KSK Mahanadi Power with Rs 159.85 billion offer
JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors, outbidding Adani Power, which had made a final offer of Rs 158.85 billion in the 10th round before opting out. JSW’s proposal includes a…
Kundan Green and Havells plan captive solar project in Rajasthan
Kundan Green Energy has entered a partnership with Havells India Limited to set up a captive solar project in Rajasthan through a special purpose vehicle (SPV) called Kundan Solar (Pali) Private Limited. The project involves an investment of Rs 725 million and will supply captive power to Havells. Kundan Green Energy and Havells will work…
Vikram Solar receives SEBI nod for Rs 15 billion IPO
Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter…
Odisha approves Rs 447.93 billion investments
The Odisha government has approved five industrial projects worth Rs 447.93 billion. This includes: Indian Strategic Petroleum Reserves Limited (Rs 87.43 billion) Project: Crude Oil Storage facilities Jobs: 5,130 Location: Jajpur Inox Solar Limited (Rs 40 billion) Project: Manufacturing facility of solar modules & photovoltaic cells Jobs: 3,400 Location: Dhenkanal ACME Cleantech Solutions Pvt. Ltd….
Ayana Renewables to raise Rs 1.5 billion via non-convertible debentures
Ayana Renewable Power Private Limited has approved a plan to raise Rs 1.5 billion through the issuance of 1,500 non-convertible debentures at an issue price of Rs 1 million each. The debentures will be subscribed by Infrastructure Leasing and Financial Services Limited (IL&FS) Mutual Fund and will have a tenure of three years from the…
