Piramal Enterprises said it is additional funding to ACME Solar Holdings, which is one of the independent solar power producers with a portfolio of over 1.8GW.
The deal was made through Corporate Finance Group (CFG) of Piramal Finance Limited by introducing a new product - a Flexi Line of Credit - for the renewable energy sector, it said.
This aims to make a line of funding available to the borrower based on operational projects, with the flexibility to draw/repay during the tenure, the company said.
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