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.

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
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?