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Avaada Group Wins Rs 8,500-cr for Renewable Energy Projects

Avaada Group has successfully secured Rs 8,500 crore (USD one billion) in financial commitments from multiple lenders for nine diverse projects. The financing covers utility-scale independent power projects, agri-photovoltaic ventures, merchant power generation, commercial and industrial projects, and the group's green module manufacturing business.

This funding demonstrates Avaada's commitment to advancing renewable energy solutions across India. Key contributors to the financial closure include leading public sector banks such as SBI and Union Bank, along with financial institutions like NABFID and PFC. Private entities, including Standard Chartered, Axis Bank, Yes Bank, Tata Capital, Aseem Infra, and NIIF, also participated in the funding.

Avaada Group specializes in solar module manufacturing, renewable power generation, and green hydrogen, methanol, ammonia, and sustainable aviation fuel development.

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