SBI Approves ?10,050 Crore Loan for Power Project

13 Sep 2024 CW Team

State Bank of India (SBI) has approved a loan of ?100.5 billion for Damodar Valley Corporation (DVC) to develop an Ultra Super Critical Thermal Power Project in Koderma, Jharkhand. The 1,600 MW (800x2 MW) project aligns with the Ministry of Power's initiative to boost energy capacity, as India seeks to meet its growing electricity demands by 2030.

The loan agreement was exchanged in the presence of senior SBI officials, including Ashwini Kumar Tewari, Managing Director (Corporate Banking & Subsidiaries), Gulshan Malik, and Amitava Chatterjee, Deputy Managing Directors (Commercial Clients Group). Representing DVC were Arup Sarkar, Member (Finance), Joydeep Mukerjee, Executive Director (Finance), and Durgesh Maiti, Chief General Manager (Finance).

This project is a significant step toward strengthening India's thermal power infrastructure, supporting the country's long-term energy strategy.

Resources

20 May 2025

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..

Resources

20 May 2025

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..

Resources

20 May 2025

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..