Companies

Welspun gets Rs 135-cr loan for Solapur project

Shankar Subramaniam Mumbai | Updated on March 12, 2018 Published on June 19, 2013

Welspun Energy said that it has tied up the loan requirement of Rs 135 crore for its 20-MW solar project in Maharashtra. The debt equity ratio is 75:25.

The project, to come up at Solapur, will be implemented through its step-down subsidiary Welspun Energy Maharashtra.

Welspun has also signed a MoU with Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supplying the power to Mumbai city. The project is expected to feed 28 million units of BEST annually.

shanker.s@thehindu.co.in

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Published on June 19, 2013
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