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,…