Tata Power Solar; Union Bank tie up for MSME loans

21 Nov 2022 CW Team

Tata Power Renewable Energy’s subsidiary Tata Power Solar Systems has partnered with Union Bank of India to provide a term loan to medium, small and micro enterprises to set up rooftop mounted solar units.

The partnership aims to help MSMEs save on electricity costs and to improve access to green energy. With nil or minimum collateral, Tata Power’s customers from MSME industries can avail of loans up to Rs 80 million.

The public sector bank said that the scheme also requires a minimum down payment of only 15-20% of project cost, making it very attractive for MSMEs. This is a part of the bank’s solar scheme called 'Union Solar', has been launched at a pan-India level to relieve the MSMEs from the stress of higher power costs and grid exigencies.

C M Minocha, chief general manager, Union Bank of India, said, “We are happy to associate with Tata Power in our efforts to help small businesses improve their access to green energy through the solar solution that is reliable, affordable and self-paying in the long run.

“We expect to see an impressive growth in the use of solar power in the MSME sector that will also make them more competitive in the domestic and international markets,” said Minocha.

Shivram Bikkina, chief- rooftop, Tata Power Renewable Energy said that the Indian MSME industry is experiencing a behavioural shift towards green energy solutions in the last few years.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..