Ampin Energy Secures Rs 742 Cr Loan
POWER & RENEWABLE ENERGY

Ampin Energy Secures Rs 742 Cr Loan

Ampin Energy Transition, a renewable energy company, has secured a Rs 742 crore loan from Standard Chartered Bank to bolster its renewable energy initiatives in India. This financial backing will significantly support the company's plans for expanding its clean energy portfolio, particularly in solar energy projects. Ampin Energy’s focus on sustainability aligns with India’s broader renewable energy goals and the global shift towards greener energy sources.

The loan will be used to finance large-scale solar power projects, contributing to India's efforts to transition to cleaner energy and reduce its carbon footprint. The funding marks a key milestone for Ampin Energy as it continues to invest in renewable energy infrastructure across the country, focusing on solar farms and other sustainable energy solutions.

Standard Chartered Bank's investment demonstrates the growing confidence in India's renewable energy market and its potential to lead in green energy initiatives. As the world moves towards reducing dependence on fossil fuels, such financial partnerships play a critical role in accelerating the energy transition. The loan is part of broader efforts to meet global climate goals, and this financing will enable Ampin Energy to enhance its capacity and contribute significantly to the development of renewable infrastructure in India.

The loan reinforces the importance of financing in the energy sector, with banks playing a pivotal role in driving sustainable projects. By investing in renewable energy firms like Ampin, financial institutions are helping to ensure a greener future, supporting projects that will have a long-lasting impact on the environment and contribute to reducing greenhouse gas emissions.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Ampin Energy Transition, a renewable energy company, has secured a Rs 742 crore loan from Standard Chartered Bank to bolster its renewable energy initiatives in India. This financial backing will significantly support the company's plans for expanding its clean energy portfolio, particularly in solar energy projects. Ampin Energy’s focus on sustainability aligns with India’s broader renewable energy goals and the global shift towards greener energy sources. The loan will be used to finance large-scale solar power projects, contributing to India's efforts to transition to cleaner energy and reduce its carbon footprint. The funding marks a key milestone for Ampin Energy as it continues to invest in renewable energy infrastructure across the country, focusing on solar farms and other sustainable energy solutions. Standard Chartered Bank's investment demonstrates the growing confidence in India's renewable energy market and its potential to lead in green energy initiatives. As the world moves towards reducing dependence on fossil fuels, such financial partnerships play a critical role in accelerating the energy transition. The loan is part of broader efforts to meet global climate goals, and this financing will enable Ampin Energy to enhance its capacity and contribute significantly to the development of renewable infrastructure in India. The loan reinforces the importance of financing in the energy sector, with banks playing a pivotal role in driving sustainable projects. By investing in renewable energy firms like Ampin, financial institutions are helping to ensure a greener future, supporting projects that will have a long-lasting impact on the environment and contribute to reducing greenhouse gas emissions.

Next Story
Real Estate

Max Estates Secures 7.25 Acre Land in Gurugram for Luxury Housing

Max Estates (Max Estates), a leading NCR real estate developer, has acquired development rights for a 7.25 acre land parcel in Sector 59, Gurugram, along the prime Golf Course Extension Road. The project has a development potential of approximately 1.3 million sq ft with an expected outlay of Rs 5.34 billion, offering a Gross Development Value (GDV) of more than Rs 30 billion. The transaction involves the purchase of 100 per cent shareholding in Base Buildwell (BBPL), the SPV holding license and development rights for the parcel, subject to regulatory approvals. With this acquisition, Max..

Next Story
Resources

10th Belt and Road Summit to Drive Collaboration in Hong Kong

The 10th edition of the Belt and Road Summit will be held on September 10-11 at the Hong Kong Convention and Exhibition Centre, marking a decade of progress under the Belt and Road Initiative (B&RI) and opening new avenues for collaboration among governments and businesses. Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the Summit is themed “Collaborate for Change • Shape a Shared Future”. It will feature over 90 high-level government officials and business leaders from across Belt a..

Next Story
Infrastructure Transport

Mumbai Introduces 12-Metre Electric Buses in BEST-PMI Partnership

In a milestone for sustainable urban transport, PMI Electro Mobility’s Mumbadevi Mobility, in partnership with the Brihanmumbai Electric Supply and Transport (BEST), launched the first batch of fully electric buses in Mumbai.  At an official ceremony held at the BEST Office, Colaba Depot, four 12-metre e-buses were flagged off by Ashish Sharma, IAS, General Manager, BEST. This marks the first phase of a 250-bus fleet aimed at strengthening public transport and cutting the city’s carbon footprint. The buses will operate from Oshiwara Depot, serving high-demand routes for greater c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?