Inox Clean Energy raises Rs 3,400 crore NaBFID loan for debt refinancing
Inox Clean Energy Limited (ICEL) has secured a 20-year loan of Rs 3,400 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funds are designated to refinance existing debt associated with several operational renewable energy projects acquired from Macquarie Group’s Vibrant Energy platform. The long-term debt facility is anticipated to carry an interest rate between 8% and 8.5%. It will refinance obligations linked to seven specific renewable energy projects, which include a…