Avaada gets ₹12,800-cr loan to fund projects in Gujarat and Maharashtra
· economictimes.indiatimes.com
Avaada Group secured ₹12,800 crore financing from three major lenders. This funding will support 2.15 GW of renewable energy projects in Gujarat and Maharashtra. These new projects will commence commercial operations starting March 2027. The financing covers hybrid renewable energy and solar capacity developments. The loans have an aggregate tenure of 21.5 years.
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