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%?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.
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