ReNew gets Rs 2,700-cr project loan from SBI

August 3, 2023

ReNew has secured a project loan of ₹2,700 crore from the State Bank of India for its 403 MW Peak Power Project, signalling that local lenders that lost money having advanced large funds to power plants a decade ago are finally beginning to extend loans to them – but to only those with a robust equity component in the capital structure.

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