Welspun Gets $161 Million to Finance India’s Largest Solar Plant
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Welspun Group gained 8.85 billion rupees ($161 million) from lenders led by Central Bank of India to finance the country’s largest solar project.
Welspun, India’s biggest solar developer, signed long-term loans for its 130-megawatt venture in the Mandsaur district of Madhya Pradesh, the company said today in a statement. The solar plant, India’s largest according to Welspun, will power 660,000 homes when switched on in May next year.