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Sunsure Energy secures Rs 262 cr project financing from FMO, Axis Bank
Sunsure Energy has secured a significant Rs 262 crore financing for its 75 MWp open-access solar project in Tamil Nadu. Dutch development bank FMO is leading the funding, with Axis Bank contributing approximately Rs 71 crore. This marks FMO's debut in India's Group Captive C&I renewable energy sector, aiming to power commercial and industrial clients with clean energy.
NLC India, Indian Oil Corporation partner up for large-scale green energy projects
State-run NLC India Limited (NLCIL) has partnered with Indian Oil Corporation Limited (IOC) to form a joint venture focused on developing large-scale green energy projects in Tamil Nadu. This collaboration, formalized by a Memorandum of Understanding, aims to advance renewable energy initiatives including solar, wind, and storage solutions. The partnership signifies a strategic move for NLCIL's diversification into clean energy and contributes to India's sustainable development goals.
AERB clears equipment installation at Tamil Nadu's Kudankulam Nuclear Power Project Units 5 and 6
A significant milestone has been achieved at the Kudankulam Nuclear Power Project. The Atomic Energy Regulatory Board has approved the erection of major equipment for Units 5 and 6. This development brings India's nuclear energy program closer to expanding its clean and reliable power generation capacity. The approval follows extensive safety reviews, ensuring compliance with national and international standards.
Stocks to Watch Today: Infosys, Aurobindo Pharma, Swan Defence, Arvind SmartSpaces, Prostarm Info, CleanMax, ICRA, Dredging Corporation in focus on 08 April
Stocks to Watch, 8 Apr: Stocks like Ashiana Housing, Infosys, GAIL India, Aurobindo Pharma, Biocon, Swan Defence and Heavy Industries, Prostarm Info Systems, Arvind SmartSpaces, Clean Max Enviro Energy Solutions, Aditya Birla Capital, Dredging Corporation of India, Aditya Birla Real Estate, and ICRA will be in focus on April 8.