Federal Bank, a private-sector bank in India, has partnered with Ecofy, a green-only non-banking finance company, to offer financing solutions for MSMEs investing in commercial rooftop solar installations. The program targets financing 3,600 kW of rooftop solar installations annually, benefiting numerous MSMEs while cutting over 2,500 tons of CO2 emissions each year—accelerating decarbonisation and fostering sustainable growth.
Inox Wind Ltd (IWL), a wind energy solutions provider in India, announced today that it has bagged a 60 MW order from Serentica Renewables (Serentica), a C&I focused renewable energy company in India. This order is for the supply of 3 MW wind turbine generators (WTGs) to be delivered within the first half of CY 2025. Additionally, IWL will provide multi-year post commissioning operations & maintenance (O&M) services for these WTGs, which will be erected at the hybrid renewable energy project site being developed by Serentica in Karnataka. The power generated from this project will be supplied to Serentica’s partners, including the Vedanta Group.
Kalpataru Projects International Ltd (KPIL), a diversified engineering, procurement and construction (EPC) company, has completed its INR 1,000 crore qualified institutions placement (QIP). This marks the first equity raise by KPIL in over a last decade. The QIP witnessed an overwhelming response from a diverse group of investors including domestic mutual funds, foreign investment funds and insurance companies. This significant milestone underlines KPIL’s strong credentials in the global EPC space and highlights investors’ confidence in the robust outlook for the power transmission and civil infrastructure sector.
