Yes Bank provides financial assistance to Mahindra Renewables' mega solar project

To the extent of Rs 750 crore

Mahindra Renewables, a wholly owned subsidiary of Mahindra Susten, has achieved financial closure for its 250 MW Solar Power Project, to be located in Rewa District of Madhya Pradesh with Yes Bank for financial assistance in the form of project debt to the extent of Rs 750 crore and from other financial institutional upto Rs 200 crore.

The project is part of the 750 MW Rewa solar park which is one of the largest solar parks in the world. The 250 MW project of Mahindra Renewable is expected to generate over 525 million units and is envisaged to sell 78% of the generate units of Madhya Pradesh Electricity Distribution Utilities and the balance 22% to Delhi Metro Rail Corporation.

Powered by Capital Market - Live News