IREDA Collaborates with Union Bank of India and Bank of Baroda to Co-Finance RE Projects
These agreements will empower IREDA to partner with UBI and BoB, in co-lending and loan syndication for a wide range of green energy projects, comprising both established and evolving RE technologies.
September 05, 2023. By EI News Network
Pradip Kumar Das, CMD of IREDA, said, "Both Union Bank of India and Bank of Baroda have an extensive nationwide presence with a vast network of branches. This collaboration aims to extend our reach, particularly in tier-2 & tier-3 cities and rural areas, enabling us to provide unique and innovative financial support to existing and new customers. We are confident that by combining our strengths and resources, we will continue to serve our customers in alignment with the vision of the Prime Minister for Atmanirbhar Bharat and sustainable growth."
The MoU with Union Bank of India was officially signed by Bharat Singh Rajput, General Manager (Technical Services), IREDA and Dhirendra Jain, General Manager (Large Corporate Vertical), UBI.
The signing ceremony was visited by Pradip Kumar Das, Chairman and Managing Director of IREDA, A. Manimekhalai, Managing Director & CEO of UBI and senior officials.
IREDA has been actively bolstering alliances with various Central and State agencies along with financial institutions to support its techno-financial expertise for the development of the RE sector.
please contact: contact@energetica-india.net.
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