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State Bank of India: Avaada Energy secures Rs 1,190 crore loan from SBI for solar project

Avaada Energy has secured a Rs 1,190 crore loan from the State Bank of India for a 400 MWp utility-scale solar PV project in Gujarat s Surendra Nagar district. The 20-year project loan facility will support the project s development and procurement by Gujarat Urja Vikas Nigam Limited. This marks Avaada s first venture in developing a greenfield project under an existing Special Purpose Vehicle. ....

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