Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

The facility will be approved and disbursed as a 20-year rupee term loan facility

April 19, 2024

/ Arjun Joshi
/ Finance and M&A, Solar
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Avaada Energy has closed a ₹44.71 billion (~$535.3 million) refinancing deal with the National Bank for Financing Infrastructure and Development (NaBFID) for four inter-state transmission system (ISTS)-connected solar projects with a combined capacity of 1.7 GW in Rajasthan.

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Arjun Joshi

More articles from Arjun Joshi.
AvaadaNaBFIDRajasthanRefinancingsolar projects
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