Tata Power Renewable, BoB Partner for Solar Loans

07 Feb 2025 CW Team

Tata Power Renewable Energy Ltd (TPREL) has partnered with Bank of Baroda (BoB) to provide financing for residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana, the world's largest domestic rooftop solar initiative.

Loan Details and Benefits Under the Memorandum of Understanding (MoU), applicants can avail loans up to Rs 6 lakh at an interest rate starting from 7% per annum, with both fixed and floating rate options.

For rooftop solar systems up to 3 kW: Loans up to Rs 2 lakh are available without income documentation. For systems between 3 kW and 10 kW: Loans up to Rs 6 lakh require a 20% margin contribution. Collateral-free loans with a flexible repayment tenure of up to 10 years. BoB home loan customers will get special concessional rates between 9.15% and 11%, while other customers will have rates between 10.15% and 12%. The scheme requires a 10% margin contribution for loans up to 3 kW at 7% interest per annum, making solar adoption more affordable for households.

Accelerating India’s Clean Energy Goals The PM - Surya Ghar Muft Bijli Yojana aims to install rooftop solar systems in 10 million homes by March 2027, significantly contributing to India's clean energy transition.

“This strategic collaboration with Bank of Baroda marks a significant step in our mission to make clean energy solutions accessible to every household in India. By offering affordable and convenient financing options, we are enabling residential customers to embrace rooftop solar technology with ease,” said Deepesh Nanda, CEO & MD, TPREL.

Lalit Tyagi, Executive Director, Bank of Baroda, emphasized the bank’s commitment to expanding its role in renewable energy financing, aligning with the government’s vision to maximize power generation from sustainable sources.

By making solar installations more affordable and accessible, this initiative is expected to drive wider adoption of rooftop solar and contribute to India’s renewable energy goals.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..