SECI Secures Rs 10 Billion Term Loan for 300 MW Solar Project

02 Jan 2024 CW Team

The Solar Energy Corporation of India (SECI) has successfully secured a substantial term loan of Rs 10 billion for the expansion of a 300 MW solar project, signalling a major push towards the augmentation of India's renewable energy capacity. The funding is earmarked to facilitate the development, construction, and integration of additional solar infrastructure, contributing to the country's commitment to sustainable and clean energy sources.

This financial milestone underscores SECI's strategic efforts to accelerate the growth of solar power projects in India. The 300 MW expansion is poised to make a meaningful impact on the nation's energy landscape, fostering increased reliance on eco-friendly alternatives while reducing the carbon footprint.

The term loan infusion is expected to play a crucial role in expediting the timeline for the completion of the solar project, ensuring its timely integration into the power grid. With India's growing emphasis on renewable energy as a key component of its energy portfolio, SECI's initiative aligns with the national agenda of achieving ambitious renewable energy targets.

As SECI propels forward with this substantial term loan, the 300 MW solar project expansion stands as a testament to India's commitment to sustainable energy solutions and marks a noteworthy step towards a cleaner and greener future.

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..