Dugar Finance Secures $3 Million to Expand EV and Solar Loans

19 Jun 2025 CW Team

Dugar Finance & Investments Limited, a Chennai-based non-banking financial company (NBFC) specialising in solar and MSME financing, has secured USD 3 million in debt from the Green Basket Bond issued by Swiss impact investor Symbiotics Investments. Subscribed to by British International Investment, this funding is set to expand Dugar Finance’s lending portfolio in electric vehicles (EV) and rooftop solar systems, particularly in tier-II and tier-III cities.

The capital infusion will support Dugar Finance’s mission to deliver inclusive, sustainable credit solutions aimed at residential consumers, MSMEs, and housing societies—segments often under-served by mainstream lenders. To date, the NBFC has assisted over 1,200 customers in adopting solar energy and EVs, resulting in an estimated 3,000 tonnes of carbon emission reductions and annual electricity savings of around Rs 3 million.

Founded in 1987, Dugar Finance now operates through more than 30 branches across six states and serves over 25,000 customers. Its green financing products include vehicle loans, rooftop solar funding, and MSME credit, targeting self-employed individuals and gig economy workers.

Ramesh Dugar, Founder and Managing Director, commented: “This capital infusion is more than just a financial commitment—it’s a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots level.”

With its latest funding secured, Dugar Finance is well-positioned to deepen its impact within clean-energy lending as India transitions towards a greener and more inclusive economy.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..