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JSW to raise Rs 2,200-crore loan to fund wind power project in TN

The project is scheduled to be finished by March 31, 2023

IBC process: Bhushan Power is JSW Steel's most aggressive, biggest lone bet

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2 min read Last Updated : Jan 17 2022 | 12:29 AM IST

JSW Group is planning to raise Rs 2,200 crore through bank loans to fund a 450- megawatt (Mw) wind power unit in Tamil Nadu.

JSW Renew Energy Two (JRETL), a subsidiary of JSW Future Energy, setting up power plants at Tuticorin and Dharapuram in the state.

JSW Future Energy is owned by JSW Energy. The project is scheduled to be finished by March 31, 2023.

India Ratings has assigned “A-” to proposed bank loans. The rating is anchored by the presence of a fixed-tariff power sale contract with a reasonably strong counterparty Solar Energy Corporation of India (SECI), a 100 per cent government

Topics : JSW Tamil Nadu

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