Bondada subsidiary obtains Rs 9.11 billion SBI debt for 225 MW solar IPP
Onix IPP Private Limited, a subsidiary of Bondada Engineering Limited, has received a Rs 9.11 billion debt sanction from the State Bank of India for a 225 MW solar independent power producer project. The package includes Rs 9 billion in term loans and Rs 112.5 million in non-fund-based facilities. The project is supported by a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company Limited.
Expanded Detail
EXP
Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
Related stories
Purvah Green secures 175 MW wind PPA through SECI auction · Renewable energy
Major financing closed for Indiana solar farm on reclaimed coal mining land · Renewable energy
Clearway breaks ground on 650 MW Missouri power project · Renewable energy
This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Bondada secures SBI financing for 225 MW solar project.” Browse more stories.