Power Update

Welspun achieves financial closure for its Rajasthan project

October 2012

Welspun Energy, one of India's leading renewable energy companies, has achie¡ved financial closure for a 50 MW solar photovoltaics project in Rajasthan.

The company has secured a long-term project funding of Rs 355 crore from a consortium of lenders comprising three PSU Banks and one infrastructure finance PSU. The company, after having a geographically diversified presence in the five key states - Rajasthan, Gujarat, Madhya Pradesh, Karnataka and Andhra Pradesh - is further exploring opportunities in other states including Uttar Pradesh, Tamil Nadu, Orissa and Chhattisgarh.

Contact: Welspun Energy.
Tel: 011-6603 4600.
Fax: 011-6627 3091.
Website: www.welspunenergy.com