TPREL Partners with Bank of Baroda to Offer Solar Financing for MSMEs

01 Oct 2025 CW Team

Tata Power Renewable Energy (TPREL) has signed an agreement with Bank of Baroda to provide tailored financing solutions for Micro, Small & Medium Enterprises (MSMEs) and Commercial & Industrial (C&I) units adopting solar equipment and projects.

Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment or undertaking solar projects of up to 10 MW capacity through TPREL or its authorised partners. The financing scheme offers attractive terms, including interest rates starting from 7.75 per cent, collateral-free loans up to Rs 100 million, coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), and flexible repayment tenures of up to 120 months.

As of August 2025, TPREL has successfully completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. The collaboration aligns with broader efforts by renewable energy companies and banks to facilitate solar adoption among businesses across India.

News source: The Week

Infrastructure Urban

01 Oct 2025

Ceigall JV Wins Rs 5.1 Billion Mohali Infra Project

EPC company Ceigall India on Sunday announced that it has secured an infrastructure project worth Rs 5.1 billion in a joint venture with JSP Projects.The Greater Mohali Area Development Authority (GMADA) has awarded the contract for the Aerotropolis project in Mohali, covering the construction of internal roads along with civil, public health and electrical works. The project will be executed within 24 months under an item-rate contract.Ramneek Sehgal, Chairman and Managing Director of Ceigall India, said: “The Aerotropolis project is a transformative urban initiative, and we are proud to co..

Reloy Projects Rs 500 Million Revenue in FY26

HDFC Capital-backed proptech startup Reloy, which enables builders to generate referral sales, expects its revenue to grow by 75 per cent this fiscal to around Rs 500 million, supported by strong housing demand.The company reported a 60 per cent rise in gross revenue in FY25 to Rs 285 million, up from Rs 178 million in the previous year.“We are expecting to clock Rs 450–500 million in revenue in the current fiscal,” said Reloy founder and CEO Akhil Saraf...

Jindal Stainless to Invest Rs 7 Billion in Green Projects

Jindal Stainless announced on Thursday that it is investing Rs 7 billion in decarbonisation initiatives and has cut 318,248 metric tonnes of CO2 emissions in FY25.The company said it has undertaken several measures to reduce its carbon footprint, including commissioning Odisha’s largest captive solar plant. Over the next few years, JSL plans to channel Rs 7 billion into decarbonisation, energy efficiency upgrades, supply chain digitisation for transparency, and community initiatives in education, healthcare and skills development.In FY25, JSL achieved a 14 per cent year-on-year reduction in ..