Avaada Group Receives Financial Commitments worth For 9 Projects

23 Jan 2025 CW Team

Avaada Group said it has secured financial commitments worth Rs 85 billion from multiple lenders, including SBI and Yes Bank, for its nine projects. The financial closure for the 9 projects includes a mix of utility-scale independent power projects (IPPS), large-scale agri photovoltaic projects, merchant power generation projects, commercial and industrial projects and the group's green module manufacturing business. "Avaada Group has successfully completed financing or refinancing of 9 of its projects across the business divisions totalling for an amount of Rs 85 Billion, showcasing the company's commitment to advancing renewable energy solutions across India," the company said in a statement. These financing came through multiple transactions with a diverse set of lenders ranging from leading public sector banks like SBI and Union Bank, financial institutions like NABFID and PFC, and from sector Standard Chartered, Axis Bank, Yes Bank, Tata Capital, Aseem Infra and NIIF among others, it added. Securing the financing commitments from such a large group of lenders demonstrates the group's ability to structure and execute diverse renewable energy projects at scale, Vineet Mittal, Chairman of Avaada Group, said. Avaada Group specialises in solar module manufacturing, renewable power generation, and the development of green hydrogen, green methanol, green ammonia, and sustainable aviation fuel projects.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..