Welspun Renewables Energy raises Rs 630 crore for Raj project

Welspun Renewables Energy today announced it has raised Rs 630 crore for its 126 MW wind project in Rajasthan.
"The debt component of Rs 630 crore has been secured through long term funding from a consortium of leading financial institutions," the company said in a statement.
Slated to be commissioned in June 2015, on-ground construction work for the project has progressed ahead of schedule.
The wind project will generate 290 million units of clean energy.
"The financial closure of the project has boosted our confidence. We are aggressively focusing on our wind portfolio now and the Pratapgarh project is our second wind power project in the state," Vineet Mittal, Co-founder and Managing Director, Welspun Energy said in the statement.

The company recently announced foray into the solar rooftop segment by commissioning three projects.
The solar projects have been financed through 100 per cent equity infusion, with inflow split in three phase - pre, mid and post construction.