📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      ReNew has secured a project loan of ₹2,700 crore from

      which bank for its 403 MW Peak Power Project In which the loan has a tenor of 20 years and the interest rate charged is in the range of 8.75% to 9.25%?
      A Canara Bank Correct Answer Incorrect Answer
      B Union Bank of India Correct Answer Incorrect Answer
      C UCO Bank Correct Answer Incorrect Answer
      D State Bank of India Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ReNew has secured a project loan of ₹2,700 crore from the State Bank of India for its 403 MW Peak Power Project.  The loan has a tenor of 20 years and the interest rate charged is in the range of 8.75% to 9.25%. Under the partnership for this project, ReNew will invest around ₹313 crore ($38 million) for its 51% stake in the project.

      Practice Next
      ask-question