Syska Participating in India`s Carbon Finance based Rural Lighting Scheme

Case Code: BSTR641 Case Length: 9 Pages Period: 2021-2022 Pub Date: 2022 Teaching Note: Available

Price: Rs.300 Organization : Convergence Energy Services Limited Industry : Energy Countries : India Themes: Public-Private Partnerships, Sustainability, Environmental Sustainability,Financing

Abstract Case Intro 1 Excerpts

Introduction

In April 2021, India-based lighting solutions company Syska LED (Syska), a subsidiary of Indian conglomerate SSK Group Limited (See Exhibit I), won the uniquely structured tender floated by public sector entity Convergence Energy Services Limited (CESL) (See Exhibit II) to supply 10 million Light-Emitting Diode (LED) bulbs for the rural areas of India. CESL agreed to procure seven million 12-watt LED lamps and three million 7-watt LED lamps from Syska.

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