Power Grid Inks $200M Green Loan Pact with SMBC

02 Jan 2025 CW Team

State-owned Power Grid Corporation of India has signed a JPY-denominated green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC), securing funds equivalent to USD 200 million, with an additional greenshoe option of USD 150 million.

The agreement, finalized on December 31, 2024, at GIFT City, Gandhinagar, Gujarat, underscores a strategic collaboration to enhance renewable energy evacuation and integration into the national grid. This initiative aligns with Power Grid's pivotal role in supporting India's renewable energy goals, the company stated.

This green loan marks a significant milestone in India's renewable energy transformation, showcasing global partnerships for sustainable infrastructure development.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

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MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..