DFC, Norfund, and Others Infuse $1 Billion into Sael Industries

27 Jan 2024 CW Team

This financing agreement underscores the confidence of international investors in Sael Industries and its contributions to the renewable energy landscape. The funding, led by DFC and Norfund, is expected to catalyze Sael Industries' expansion plans and reinforce its position in the global renewable energy market.

The $1 billion investment is intended to support Sael Industries' ongoing and upcoming projects, fostering innovation and sustainability in the renewable energy sector. This financial backing aligns with the company's commitment to driving positive change in the energy industry, particularly in the development and implementation of clean and efficient energy solutions.

As the world continues to prioritize renewable energy sources, partnerships and investments like these play a crucial role in accelerating the transition to a sustainable energy future. Sael Industries' collaboration with DFC, Norfund, and others not only signifies the company's growth trajectory but also highlights the global community's recognition of the importance of investing in renewable energy for a more sustainable and eco-friendly world.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..