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ACME Solar Holdings Wins Rs 2,491 Crore Refinancing Facility

Summary by NDTV Profit
ACME Solar Holdings on Thursday said it has secured a Rs 2,491 crore long-term refinancing facility to reduce the cost of debt for renewable energy projects.The refinancing of state counterparty projects has been secured from SBI and REC at a reduced weighted average interest rate of 8.8%, a company statement said.ACME Solar Holdings, India's leading renewable energy company and flagship business of the diversified ACME Group, has secured Rs 2,4…
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NDTV ProfitNDTV Profit

ACME Solar Holdings Wins Rs 2,491 Crore Refinancing Facility

ACME Solar Holdings on Thursday said it has secured a Rs 2,491 crore long-term refinancing facility to reduce the cost of debt for renewable energy projects.The refinancing of state counterparty projects has been secured from SBI and REC at a reduced weighted average interest rate of 8.8%, a company statement said.ACME Solar Holdings, India's leading renewable energy company and flagship business of the diversified ACME Group, has secured Rs 2,4…

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pv magazine Indiapv magazine India

ACME Solar secures INR 2,491 crore long-term refinancing facility

ACME Solar Holdings has refinanced its 490 MW of operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab with long-term debt facility from SBI and REC.ACME Solar Holdings, a renewable energy platform of the diversified ACME Group, has secured INR 2,491 crore long-term project finance facility to refinance its existing debt and reduce the cost of financing of its 490 MW operational renewable energy projects in Andhra Pradesh…

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IBTimes IndiaIBTimes India

Ladakh's Renewable Energy Revolution: Rs 20,773.70 Crore Initiative Explained

The Union Ministry of New and Renewable Energy has launched a Rs. 20,773.70 crore project to generate 13 GW of renewable energy in Ladakh, featuring a hybrid energy park with solar, wind, and battery storage systems alongside smaller solar and hydroelectric projects.

·India
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IBTimes India broke the news in India on Wednesday, April 2, 2025.
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