Hero Future Energies Secures Rs 1,024 Crore SBI Funding
POWER & RENEWABLE ENERGY

Hero Future Energies Secures Rs 1,024 Crore SBI Funding

Hero Future Energies Pvt. Ltd. (HFE), through its special purpose vehicle Clean Solar Power Barmer, has secured Rs 1,024 crore in funding from the State Bank of India for its upcoming 60 MW Hybrid Peak Power Project.
The project, located in Kurnool district of Andhra Pradesh, will integrate solar, wind, and storage systems and is contracted with Solar Energy Corporation of India (SECI). The financing, with a repayment schedule of 21 years, ensures timely completion of the project and strengthens HFE’s hybrid energy portfolio.
The company said the investment reflects lenders’ confidence in HFE’s expertise in renewable energy development and its ability to deliver sustainable, innovative power solutions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Hero Future Energies Pvt. Ltd. (HFE), through its special purpose vehicle Clean Solar Power Barmer, has secured Rs 1,024 crore in funding from the State Bank of India for its upcoming 60 MW Hybrid Peak Power Project.The project, located in Kurnool district of Andhra Pradesh, will integrate solar, wind, and storage systems and is contracted with Solar Energy Corporation of India (SECI). The financing, with a repayment schedule of 21 years, ensures timely completion of the project and strengthens HFE’s hybrid energy portfolio.The company said the investment reflects lenders’ confidence in HFE’s expertise in renewable energy development and its ability to deliver sustainable, innovative power solutions.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement