State Bank of India (SBI) has recently informed exchanges that the company will be signing an EURO 150 million Line of Credit with KfW (German Development Bank) for financing Climate Friendly Energy Generation projects on 24th October 2024.
This financial boost will be directed towards funding climate-friendly energy generation projects across India. The official signing of this agreement is scheduled to take place at the SBI’s IFSC Gift City branch in Ahmedabad.
In the exchange filing, the company shared, “We submit that, State Bank of India will be signing a EURO 150 million Line of Credit with KfW (German Development Bank) for financing Climate Friendly Energy Generation projects on 24th October 2024, at Bank’s IFSC Gift City branch, Ahmedabad.”
