Avaada Group secures Rs 85 billion financing for nine RE projects

Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across various sectors, including utility-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, merchant power generation projects, commercial and industrial (C&I) solar projects, and solar module manufacturing facilities.

The financing was secured through multiple transactions with a range of lenders, including public-sector banks like the State Bank of India and Union Bank, as well as financial institutions such as NABFID, PFC, Standard Chartered, Axis Bank, Yes Bank, Tata Capital, Aseem Infra, and NIIF.