SBI

SBI Issues Empanelment Tender for Solar Projects for Hyderabad Circle

The last date and time of bid submission is January 21, 2020 at 3:00 p.m. SBI Infra Management Solutions Pvt Ltd (SBIIMS), a wholly owned subsidiary of country’s largest lender State Bank of India (SBI), has invited applications for the empanelment of contractors for grid connected solar plant for its branches and offices that comes […]

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Solar Projects, City gas and Infrastructure Bright Funding Spots: SBI

SBI Chairman has said that there is adequate availability of funds and opportunities are mainly in solar power, city gas, and infrastructure projects. State Bank of India (SBI) Chairman Rajnish Kumar has stressed that there is adequate availability of funds with the banking system but he does not find enough projects where investment is being sought. He said […]

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SBI Nominee Rakesh Sharma Takes Over as Suzlon Energy Director

Suzlon Energy has notified that it has appointed SBI nominee Rakesh Sharm as the company’s nominee director. Suzlon Energy has notified that it has appointed the State Bank of India (SBI) nominee Rakesh Sharm as the company’s nominee director. The appointment has also been approved by the company’s board of directors. “Rakesh Sharma, the nominee […]

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SBI Cuts Loan Rates for Electric Vehicles Purchases

In an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles. In an attempt to incentivize the consumers to shift towards green vehicles, SBI has cut rates on auto loans for the purchase of electric cars. Borrowers will get […]

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SBI Invites EoI for 3 to 5 MW Solar Project in Telangana

The eligibility criterion mandates that the bides should have commissioned at least 10 MW of ground mounted solar projects. Embarking on an ambitious target of achieving 100% carbon neutrality by 2030, the State Bank of India (SBI) has issued an expression of interest to to procure solar energy in the capacity of 3-5 MW (offsite) […]

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With High Debts of Rs 370 Cr, Su-Kam to Face Auctions

In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). In November 2017, SBI, owing to the high debts, had referred Su-Kam to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). Now up for bidding, Su-Kam has a […]

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Andhra Pradesh to Give Farmers Power to Sell Power

The project will be launched on a pilot basis in Visakhapatnam, Vizianagaran and Srikakulam district. The first 75,000 solar pump sets worth Rs 3.5 lakh each will be provided to farmers in these districts. On an estimate the pilot project will cost around Rs 2,625 Crore. Andhra Pradesh government is planning to initiate a scheme […]

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ISA to Create Ecosystems for Startups in Solar Innovations

With the help of global corporates, we expect this transformative action to be undertaken on ground, resulting in access to light for the 1 billion unconnected people, said Upendra Tripathy. India-led International Solar Alliance (ISA) will create ecosystems for startups in solar innovations by enabling incubation, partnerships, access to finance and standards. The task force, set up […]

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SunSource Energy Aims to Set-Up 200 MW Solar Park in UP

The project will be financed through a mix of debt and equity. Solar power solutions provider, SunSource Energy Pvt Ltd is planning to build a 200-mw solar park in Uttar Pradesh (UP) with an investment of Rs 900 crore. Commenting on the matter, SunSource Energy, President, and Co-Founder, Kushagra Nandan said, “At the Uttar Pradesh Investors Summit […]

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