MoU20 Nov 2024, 08:05 pm
Zodiac Energy Ltd Enters MoU with State Bank of India for Financial Assistance
AI Summary
Zodiac Energy Ltd has entered into a Memorandum of Understanding (MoU) with State Bank of India on November 19, 2024. The MoU aims to facilitate financial assistance up to Rs. 10.00/- Crores (Rupees Ten Crores Only) from State Bank of India to the customers of Zodiac Energy Limited who are desirous of purchasing Solar Photovoltaic Plants. The bank will provide financial assistance based on their credit assessment.
Key Highlights
- Zodiac Energy Ltd has signed an MoU with State Bank of India for financial assistance to customers.
- The financial assistance is for customers purchasing Solar Photovoltaic Plants.
- The assistance is up to Rs. 10.00/- Crores (Rupees Ten Crores Only).
- The bank will provide financial assistance based on their credit assessment.
- The MoU is valid for 2 years, subject to renewal by both parties.