Breaking News
1. India Seeking US Trade Deal Even as it Toughens Stance      2. China gave Pakistan live inputs on Indian deployment: Top Army officer      3. Businessman-BJP Leader Gopal Khemka Shot Dead In Front Of Patna House      4. China Warns India to Choose Its Words Carefully on Dalai Lama and Tibet      5. PM Modi arrives in Argentina on two-day visit      6. White House 4th of July celebrations: B-2 Bombers roar overhead as Donald Trump marks Independence Day      7. The curious case of the British jet stuck in India      8. Russia becomes first country to formally recognise Taliban rule in Afghanistan      9. Defence Acquisition Council approves defence purchases worth ₹1.05 trn      10. Watch: PM Modi mentions India has 2,500 parties in Ghana Parliament. Then this happens      11. Delhi government says it won’t scrap old vehicles; cites public backlash, systemic challenges      12. War planes to fly over White House as Trump signs Big Beautiful Bill. Here's how much it could cost      13. Kolkata rape accused Manojit Mishra's lawyer license cancelled      14. Mumbai school teacher arrested for sexually assaulting 16-year-old male student      15. Trump says trade deal with India 'soon' as July 9 deadline approaches      16. India, US to ink 10-year defence framework: Pentagon      17. Three Indians abducted in Al-Qaeda-linked terror strikes in Mali, MEA urges immediate action      18. PM Modi’s historic Ghana visit: UPI push, 4 MoUs inked, new frontiers in defence, and minerals explored      19. India's Sigachi factory fire death toll rises to 39; cause still unknown      20. PM Modi embarks on second five-nation tour: A look at many historic firsts and strategic stops     
  1. Home
  2. Business

IREDA Inks MoUs with Union UBI, Bank of Baroda for Renewable Energy Projects

  • Posted on September 5, 2023
  • Business
  • By Sunshine
  • 362 Views
IREDA, Union Bank of India, Bank of Baroda, renewable energy projects, MoUs, co-financing


The Indian Renewable Energy Development Agency Ltd. (IREDA) on September 5 signed MoUs with the Union Bank of India (UBI) and the Bank of Baroda (BoB) to facilitate the development of renewable energy in India. 



By signing these MoUs, IREDA and UBI and BoB can work together to co-lend and syndicate loans for a wide range of renewable energy projects, including those that use both well-established and cutting-edge technology.


IREDA
IREDA collaborates with UBI and BoB to boost renewable energy projects in India, expanding reach and support.


The Chairman and Managing Director of IREDA, Pradip Kumar Das, has spoken highly of these partnerships, noting the widespread reach of both Union Bank of India and Bank of Baroda's branch networks. 



The collaborations are made so that they can reach more people, especially in tier-2 and tier-3 cities and rural areas, with their unique brand of financial assistance. The goals of the Prime Minister, which include self-sufficiency for India and long-term economic growth, are well served by this strategic partnership.


co-financing
The collaborations are made so that they can reach more people, especially in tier-2 and tier-3 cities and rural areas.

Bharat Singh Rajput, General Manager (Technical Services), IREDA, and Dhirendra Jain, General Manager (Large Corporate Vertical), Union Bank of India, signed the Memorandum of Understanding (MoU). 



A. Manimekhalai, Managing Director & CEO of UBI, was among the high-ranking authorities present at the signing event.



Rajput and Dhiren Lalai, BoB's General Manager, both signed an MOU on behalf of their respective organisations. 



Debadatta Chand, MD & CEO of BoB, and Lalit Tyagi, Executive Director, were present at the occasion. Sumit Sachdeva, Head-Large Corporate Relationships, and Mr. Manoj Chayani, Head-Credit, were among the other distinguished BoB guests.



To use its technological and financial skills for the benefit of the renewable energy sector, IREDA has been aggressively establishing collaborations with various Central and State organisations, as well as financial institutions. With the help of Union Bank of India and Bank of Baroda, renewable energy projects in India will have more financial backing and easier access to funding.




For more updates keep visiting our website www.topstoriesworld.com   where we provide unbiased, true and top stories of the world.



Author
No Image
Sunshine

You May Also Like