Azure Power refinances 600 MW solar project at the lowest interest rat
POWER & RENEWABLE ENERGY

Azure Power refinances 600 MW solar project at the lowest interest rat

Azure Power refinanced its 600 MW solar power project at the lowest interest rate in its portfolio. The company has successfully refinanced its current project finance facility of Rs23.5 bn used towards construction of its largest project - 600 MW Interstate Transmission System-connected solar proje...

Azure Power refinanced its 600 MW solar power project at the lowest interest rate in its portfolio. The company has successfully refinanced its current project finance facility of Rs23.5 bn used towards construction of its largest project - 600 MW Interstate Transmission System-connected solar project executed by Azure Power Forty Three. The refinancing was completed at an interest rate of 7.2 per cent per annum, fixed for 42 months. Contact: Azure Power Email: Info@azurepower.com Tel: 011-4940 9800 Website: www.azurepower.com

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MOIL Posts Record April Output in FY26

MOIL has kicked off FY 2025–26 with its best-ever April performance, underscoring its focus on operational excellence. The company produced 162,000 tonne of manganese ore in April, marking a 1.5% increase over the same period last year. Additionally, it achieved exploratory core drilling of 11,453 meters, a significant 58% rise compared to the corresponding period last year.Shri Ajit Kumar Saxena, CMD, MOIL remarked, "MOIL’s April performance sets a positive tone for the year ahead. The organisation remains committed to sustained growth and value creation."(BSE) ..

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Veranda Learning Appoints Mohasin Khan as Chief Financial Officer

Veranda Learning Solutions, a listed enterprise offering end-to-end solutions in the education  space, has announced Saurani Pathan Mohasin Khan as its new Chief Financial Officer (CFO). The  Board approved at its meeting held on May 5, 2025 based on the recommendation of the Audit  Committee and the Nomination and Remuneration Committee (NRC).  Mohasin takes over from Saradha Govindarajan, who steps down to pursue personal interests  and commitments. A key contributor to Veranda 1.0, Saradha played an instrumental role in  building the company’s financial ..

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Infrastructure Urban

J&K Bank Posts Record Rs 20.82 Billion Profit in FY25

J&K Bank has reported its highest-ever annual net profit of Rs 20.82 billion for FY 2024–25, marking its third consecutive year of record earnings. This represents a 17.83% growth over last year’s Rs 17.67 billion. For Q4 FY25, the bank posted a net profit of Rs 5.84 billion, up 10% from the previous quarter. The bank’s advances crossed the Rs 1 trillion mark for the first time, reaching Rs 1.04 trillion (Rs 1,041.98 billion), while deposits rose to Rs 1.49 trillion (Rs 1,485.69 billion). Net Interest Income grew 11.34% year-on-year to Rs 57.93 billion and other income jumped 37.7% t..

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