Insolation Energy Approves ₹347 Cr Corporate Guarantee for Subsidiaries

Insolation Energy Ltd has strategically approved the issuance of a Corporate Guarantee amounting to approximately ₹347.07 Crores. This guarantee is in connection with a Rupee Term Loan Facility to be obtained by its step-down subsidiaries. The move aims to support the execution of projects awarded under PM KUSUM Component A, which are grid-connected, ground-mounted renewable energy projects in Rajasthan. The company has achieved financial closure for these 400 MW projects through Aseem Infra Finance Limited. The corporate guarantee will remain valid until 12 months from the actual date of commercial operations or project stabilization, whichever is later. This action is expected to have no immediate impact on Insolation Energy, other than being accounted for as a contingent liability.