Aerem and OMC Plan Rs 2 Bn Solar Financing for MSMEs in UP

12 May 2025 CW Team

Aerem Solutions and OMC Power have entered into a strategic partnership to offer Rs 2 billion in financing for rooftop solar installations targeted at Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh.

As part of the collaboration, Aerem will provide credit facilities to OMC Power’s customers through its non-banking financial company (NBFC). The initiative aims to increase solar energy adoption among MSMEs by enhancing access to affordable financing.

The venture brings together Aerem’s expertise in climate-focused lending and OMC Power’s strong operational presence in rural and underserved areas. By overcoming financial barriers, the two companies intend to speed up the rollout of distributed solar systems to small businesses.

Vikesh Agrawal, co-founder and chief operating officer of Aerem, emphasized the importance of MSMEs in achieving India’s Net Zero objectives. He noted that the Rs 2 billion partnership marked a significant move toward integrating sustainability into the company’s financing approach.

Rohit Chandra, managing director and CEO of OMC Power, remarked that the collaboration would support MSMEs in transitioning to clean energy, cutting operational costs, and enhancing competitiveness. He added that the initiative was likely to increase the adoption of distributed solar solutions at the grassroots level.

News source: Saur Energy

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..