Schedule a Call Back
Power Grid Inks $200M Green Loan Pact with SMBC
2025-01-02
State-owned Power Grid Corporation of India has signed a JPY-denominated green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC), securing funds equivalent to USD 200 million, with an additional greenshoe option of USD 150 million.
The agreement, finalized on December 31, 2024, at GIFT City, Gandhinagar, Gujarat, underscores a strategic collaboration to enhance renewable energy evacuation and integration into the national grid. This initiative aligns with Power Grid's pivotal role in supporting India's renewable energy goals, the company stated.
This green loan marks a significant milestone in India's renewable energy transformation, showcasing global partnerships for sustainable infrastructure development.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Hindalco Posts Record Revenue and EBITDA
Hindalco Industries, the Aditya Birla Group’s metals flagship, reported its highest-ever consolidated revenue and EBITDA for the quarter and year...
GROHE Opens Experience Centre in Bengaluru
GROHE has opened its largest immersive retail space in the Indian subcontinent at Lavelle Road, Bengaluru. Spread across 14,000 sq ft, the GROHE Ex...
Panattoni India Announces Rs 1.5 Billion Hyderabad Hub
Panattoni, a global industrial real estate developer, has announced its entry into Hyderabad with a Rs 1.5 billion advanced manufacturing project...
