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The Economic Times
The Economic Times

Avaada Group secures $1.3 billion financial closure for 2,150 MW projects

Avaada Group Avaada Renewable Energy Gujarat Maharashtra MSEDCL

New Delhi: Avaada Group on Friday announced the financial closure of USD 1.3 billion for its 2,150 MW renewable energy portfolio in Gujarat and Maharashtra.

The financing has been sanctioned by Indian financial institutions, including State Bank of India (SBI), REC Ltd and Canara Bank, across four Special Purpose Vehicles (SPVs), Avaada Group said in a statement.

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