Welspun finds the lenders for its 50 MW solar Project in Rajasthan

Sep 11, 2012, 18:00 IST

Welspun Energy declared that it was successful in finding the funds of Rs 355 crore for its 50 MW Solar Power Project in Rajasthan on 10 September 2012.

Welspun Energy declared that it was successful in finding the funds of Rs 355 crore for its 50 MW Solar Power Project in Rajasthan on 10 September 2012. Three public sector banks along with an infrastructure finance company came together to issue the loan for this long term project to the company. The project is expected to be commissioned by the first quarter of 2013.

Welspun Energy is a sister concern of the US $ 3.5 billion Welspun Group. The company mainly deals with creation of environment-friendly power plants and is aimed to establish its plants across India.

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