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Avaada Energy closes ₹315 crore financing for captive solar project

Avaada Energy closes ₹315 crore financing for captive solar project
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Vineet mittalAvaada energy onAvaada groupKarnataka cooperative milk producer federationAvaada energyInfrastructure finance companyAseem infrastructure financePower purchase agreementGroup chairman vineet mittalAseem infrastructure

Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka, ET EnergyWorld

Avaada Energy secured Rs 315 crore financing from Aseem Infrastructure Finance ltd (AIFL) for a solar project in Karnataka. It will be developed under a long-term captive Power Purchase Agreement (PPA) with Karnataka Milk Federation (KMF).

Vineet mittalAvaada energyInfrastructure finance companyKarnataka cooperative milk producer federation ltdAvaada energy onAvaada groupAseem infrastructure finance ltdAseem infrastructure financePower purchase agreement

Avaada Energy secures Rs 315 Cr finance for captive solar project in Karnataka

The funding will facilitate the development of this marquee captive project located in the Kalaburagi district of Karnataka for a cooperative entity.

Vineet mittalAvaada groupInfrastructure finance companyAseem infrastructure finance ltdKarnataka cooperative milk producer federation ltdAvaada energyAseem infrastructure financeInfrastructure finance ltdPower purchase agreement

IIFCL FY24 Results: Company reports 44% rise in bottom line to Rs 1,552 crore

IIFCL FY24 Results: Company reports 44% rise in bottom line to Rs 1,552 crore
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rec share price: REC shares zoom nearly 9% to fresh 52-week high post Q4 results; announces dividend

REC Ltd surged 8.5% to Rs 550.50, hitting a 52-week high, following a 33% YoY rise in net profit to Rs 4,079 crore for the quarter ending March. Total income reached Rs 12,706.66 crore, with revenue from operations growing by nearly 24% YoY to Rs 12,677.18 crore.

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