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Avaada in talks with global lenders to raise $1 bn project debt
Financial Express Hyderabad
|May 15, 2025
Avaada Group is in talks with global lenders, such as Standard Chartered Bank, Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas, and Societe Generale (Soc-Gen), to raise project finance debt of over $1 billion (₹8,500 crore) to fund its pipeline of projects.
RENEWABLE ENERGY FIRM
"Considering a large share of central utility projects, we are in active conversation with several international financial institutions to raise funds at globally competitive terms," said Vineet Mittal, chairman, Avaada Group.
This story is from the May 15, 2025 edition of Financial Express Hyderabad.
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