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Name of Lender Facility/Instrument Amount (Rs. Crore)
State Bank of India Working Capital Facilities 65
Canara Bank Working Capital Facilities 35
Punjab National Bank Working Capital Facilities 15
Indian Bank Working Capital Facilities 15
IDBI Bank Limited Bank Guarantee 30
Central Bank of India Bank Guarantee 30
Bank of India Working Capital Facilities 6
Indian Renewable Energy Development Agency Limited Term Loans 120
Union Bank of India Working Capital Facilities 12
Central Bank of India Working Capital Facilities 10
UCO Bank Working Capital Facilities 7
IDBI Bank Limited Working Capital Facilities 5
Karur Vysya Bank Limited Working Capital Facilities 5
Siemens Financial Services Private Limited Term Loans 2.55
Bank of Baroda Working Capital Facilities 5
Bank of Maharashtra Working Capital Facilities 9
Punjab & Sind Bank Working Capital Facilities 5
HDFC Bank Limited Working Capital Facilities 6
Indian Renewable Energy Development Agency Limited Term Loans 185.21
HDFC Bank Limited Term Loans 1.9
Central Bank of India Term Loans 99
State Bank of India Term Loans 16.86
Siemens Financial Services Private Limited Term Loans 4.61
Union Bank of India Credit Exposure Limit 0.1
Siemens Financial Services Private Limited Term Loans 12.99
UCO Bank Letter of Credit 10
HDFC Bank Limited Term Loans 0.63
Canara Bank Term Loans 0.25
Canara Bank Term Loans 1.83
Axis Bank Limited Term Loans 1.03
HDFC Bank Limited Term Loans 1.44
Union Bank of India Bank Guarantee 47
State Bank of India Credit Exposure Limit 0.55
State Bank of India Letter of Credit 85
Canara Bank Letter of Credit 37
Union Bank of India Letter of Credit 26
Central Bank of India Letter of Credit 20
Not Applicable Unallocated Limits 2.05
IDBI Bank Limited Letter of Credit 15
Bank of Maharashtra Letter of Credit 35
State Bank of India Bank Guarantee 228
Canara Bank Bank Guarantee 130
Indian Bank Bank Guarantee 60

*October 06, 2025


The details presented on this page provide an update on the names of lenders, in reference to the total credit facilities of Shirdi Sai Electricals Limited rated by ICRA. To access the previous rating rationale: Click Here.


This update is being published as per the directions of the Reserve Bank of India (RBI) to the Credit Rating Agencies (CRAs) vide the communication [CO.DOR.ISG.No.S150/21-06-008/2021-2022] dated June 4, 2021.