Martial Solren achieves financial closure for solar projects in Gujarat and Rajasthan
Martial Solren, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for its 400 MW/560 MWp solar power projects in Gujarat and Rajasthan. The company secured a Rs14.48 billion loan from HDFC Bank and Axis Bank for the projects. In April and June 2023, Mahindra Susten won 100 MW each under the base capacity and greenshoe capacity, quoting tariffs of Rs 2.74 per kWh and Rs 2.71 per kWh, respectively, under the 500 MW…