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.
Reliance Infrastructure seeks shareholders’ nod to raise Rs 3,000 crore via QIP
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for