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Welspun raises 355 cr debt for 50 MW solar project

, September 10, 2012, 0 Comments

For its 50 MW solar photovoltaic project in Rajasthan, Welspun Energy Ltd has successfully raised long-term project funding of 355 crore from a consortium of lenders. The consortium comprises of three state-owned banks and one public sector infrastructure finance company.

The project is being set up by Welspun Energy’s subsidiary Welspun Solar AP Pvt Ltd, and is likely to be commissioned by March. Welspun Energy plans 250 MW solar projects by the end of 2013, in addition to the current capacity of 30 MW.

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