SANY, J&K Bank tie-up to provide financial solutions to its customers

18 Mar 2024 CW Team

The MoU was signed in the presence of Nishikant Sharma, Deputy General Manager of J&K Bank, and Sanjay Saxena, COO of SANY India, accompanied by senior officers from both organizations.

This collaboration between SANY India and J&K Bank is strategically designed to leverage the strengths of both entities, providing comprehensive financial solutions to customers, including competitive interest rates and flexible repayment plans, to support the procurement of essential machinery for infrastructure projects.

Sanjay Saxena, COO of SANY INDIA, stated, We are delighted to partner with J&K Bank, a leading institution of economic well-being within its operational areas. This collaboration signifies our commitment to delivering exceptional financial services alongside our cutting-edge products, empowering customers across Jammu and Kashmir and Ladakh.

Highlighting the significant reliance on J&K Bank for equipment financing in the previous year, Saxena added, With 80% of our equipment sales in Jammu and Kashmir financed through J&K Bank, this partnership underscores the bank's deep penetration and significance in the region. As J&K Bank becomes our preferred financier, customers can conveniently access financing solutions for our earthmoving and construction equipment without exploring alternative options. Nishikant Sharma, Deputy General Manager of J&K Bank, echoed these sentiments, stating, We continuously strive to provide beneficial opportunities for our customers. With construction activities thriving in J&K and Ladakh, the demand for earth-moving and construction equipment is on the rise. Through our Construction Equipment Finance scheme, prospective buyers of SANY equipment can easily avail finance tailored to meet their financial requirements.

SANY India, a leading manufacturer of construction equipment, has taken a significant stride towards offering improved financial solutions to its customers. The company has formalised a Memorandum of Understanding (MoU) with J&K Bank, aiming to stimulate substantial growth and development opportunities within the region, while facilitating easier access to SANY India?s advanced product line along with readily available financial solutions. The MoU was signed in the presence of Nishikant Sharma, Deputy General Manager of J&K Bank, and Sanjay Saxena, COO of SANY India, accompanied by senior officers from both organizations. This collaboration between SANY India and J&K Bank is strategically designed to leverage the strengths of both entities, providing comprehensive financial solutions to customers, including competitive interest rates and flexible repayment plans, to support the procurement of essential machinery for infrastructure projects. Sanjay Saxena, COO of SANY INDIA, stated, We are delighted to partner with J&K Bank, a leading institution of economic well-being within its operational areas. This collaboration signifies our commitment to delivering exceptional financial services alongside our cutting-edge products, empowering customers across Jammu and Kashmir and Ladakh. Highlighting the significant reliance on J&K Bank for equipment financing in the previous year, Saxena added, With 80% of our equipment sales in Jammu and Kashmir financed through J&K Bank, this partnership underscores the bank's deep penetration and significance in the region. As J&K Bank becomes our preferred financier, customers can conveniently access financing solutions for our earthmoving and construction equipment without exploring alternative options. Nishikant Sharma, Deputy General Manager of J&K Bank, echoed these sentiments, stating, We continuously strive to provide beneficial opportunities for our customers. With construction activities thriving in J&K and Ladakh, the demand for earth-moving and construction equipment is on the rise. Through our Construction Equipment Finance scheme, prospective buyers of SANY equipment can easily avail finance tailored to meet their financial requirements.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Infrastructure Energy

26 Aug 2025

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Infrastructure Energy

26 Aug 2025

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..