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MUMBAI: IL&FS Investmart has raised Rs 488.6-crore term loan for a wind farm project of Enercon India.

A consortium of seven banks and institutions led by Punjab National Bank extended the requisite financing, IL&FS Investmart said in a release on Thursday.

The loan will be issued to part-finance Enercon Windfarms (Hindustan), promoted by Enercon India and Enercon GmbH Germany, wind-based power projects at Chitradurga (Karnataka) for 68.8 MW and Jaisalmer (Rajasthan) for 60 MW.

(This article was published in the Business Line print edition dated August 27, 2005)
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