LIVE
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

SBI Fundraise Approved, Sportking India Launches Solar Project

By SivamSBI Fundraise Approved, Sportking India Launches Solar Project

State Bank of India gets nod for ₹60,000 crore fundraise for FY27. Sportking India commissions solar project in Punjab, expecting cost savings.

SBI Cleared for ₹60,000 Crore Fundraise

State Bank of India (SBI) has received approval to raise up to ₹60,000 crore during FY27 through various debt instruments.

  • The funds can be raised in INR and/or other convertible currencies.
  • Instruments include Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Basel III compliant Tier 2 Bonds.
  • Issuance will be via public offer or private placement to Indian and/or Overseas investors.
  • Approval was granted by the Central Board on June 18, 2026, subject to Government of India approval where required.

Sportking India Commissions Solar Project in Punjab

In a separate development, Sportking India has successfully commenced commercial operations of its solar power project in Punjab, effective June 18, 2026.

  • The project is projected to reduce the company’s annual power costs by around 12-13%.
  • It aims to strengthen operational efficiencies and reinforce environmental objectives.
  • The initiative contributes to reducing the company’s carbon footprint and increasing clean energy use.
Home/banking/Article