Avaada Energy, the renewable energy arm of Avaada Group, is pleased to announce the successful closure of one of the largest refinancing transactions in Indias renewable energy sector, securing about INR 4,471 crore (~USD 535 Million) from the
Avaada Group: Avaada Energy Successfully Closes INR 4,471 Cr Refinancing for its Four Solar Projects in Rajasthan finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Avaada Energy on Thursday said it closed a refinancing deal of Rs 4,471 crore with National Bank for Financing Infrastructure and Development (NaBFID) for its four solar projects in Rajasthan. The financing from NaBFID will enable Avaada Energy to prepay existing loans to multiple lenders. The facility, sanctioned and disbursed as a 20-year rupee term loan, achieves significant commercial improvements over the earlier facilities prepaid, the company said in a statement.