+
Sunsure Secures Rs 1.28 Billion Loan for 49 MW Solar Project
POWER & RENEWABLE ENERGY

Sunsure Secures Rs 1.28 Billion Loan for 49 MW Solar Project

Sunsure Energy has obtained Rs 1.28 billion in long-term debt financing from Tata Capital and Aditya Birla Finance (ABFL) for its 49 MW open-access solar project in Augasi, Uttar Pradesh. The loan amount will be equally shared by both lenders. The Augasi solar project is expected to generate 72 million units of green power annually and offset 1.3 million metric tons of CO2 over its lifetime. This funding supports Sunsure’s 145 MW commissioned solar portfolio in Uttar Pradesh, with additional projects in Agra, Banda, Mahoba, Jhansi, and Unnao. Sunsure supplies renewable energy to over 70 industrial clients across 16 states, including major companies like Sandoz, Lupin, and Dabur. Chairman and CEO Shashank Sharma highlighted that this financing will help scale up solar open-access projects, providing reliable and affordable green energy for industries in the state. This marks Sunsure’s first debt financing partnership with ABFL and its second with Tata Capital. In September 2024, the company secured Rs 2.26 billion from Tata Capital for solar projects with a total capacity of 75 MW in Uttar Pradesh. Backed by Partners Group AG with a $400 million equity commitment, Sunsure aims to reach 5 GW of operational capacity by 2028. Earlier this year, it secured Rs 4.16 billion from Aseem Infrastructure Finance for a 150 MW solar park in Solapur, Maharashtra. (Mercom)

Sunsure Energy has obtained Rs 1.28 billion in long-term debt financing from Tata Capital and Aditya Birla Finance (ABFL) for its 49 MW open-access solar project in Augasi, Uttar Pradesh. The loan amount will be equally shared by both lenders. The Augasi solar project is expected to generate 72 million units of green power annually and offset 1.3 million metric tons of CO2 over its lifetime. This funding supports Sunsure’s 145 MW commissioned solar portfolio in Uttar Pradesh, with additional projects in Agra, Banda, Mahoba, Jhansi, and Unnao. Sunsure supplies renewable energy to over 70 industrial clients across 16 states, including major companies like Sandoz, Lupin, and Dabur. Chairman and CEO Shashank Sharma highlighted that this financing will help scale up solar open-access projects, providing reliable and affordable green energy for industries in the state. This marks Sunsure’s first debt financing partnership with ABFL and its second with Tata Capital. In September 2024, the company secured Rs 2.26 billion from Tata Capital for solar projects with a total capacity of 75 MW in Uttar Pradesh. Backed by Partners Group AG with a $400 million equity commitment, Sunsure aims to reach 5 GW of operational capacity by 2028. Earlier this year, it secured Rs 4.16 billion from Aseem Infrastructure Finance for a 150 MW solar park in Solapur, Maharashtra. (Mercom)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code