MoU27 Sept 2024, 12:42 am
Vaswani Industries Secures Rs.85.20 Crore Loan from IREDA for 20/30 MWp Solar Power Plant Project
AI Summary
Vaswani Industries Ltd. has entered into a Loan Agreement dated 12.09.2024 with the Indian Renewable Energy Development Agency Limited (IREDA) to avail a Rupee Term Loan Facility amounting to Rs.85.20 Crore. The loan is for setting up a 20 MWp / 30 MWp Solar Power Plant project. The company received the signed copy of the loan agreement on 26-09-2024 and the details of the agreement are in line with the Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.
Key Highlights
- Loan agreement worth Rs.85.20 Crore with IREDA for setting up a Solar Power Plant project.
- The project will be a 20 MWp / 30 MWp Solar Power Plant.
- The loan agreement was signed on 12.09.2024 and the signed copy was received on 26-09-2024.
- The agreement is in line with the Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.