Avaada Energy secures Rs 5.97 billion from NIIF IFL in refinancing for solar projects

These funds will be utilised for its commercial and industrial solar projects in Karnataka and Maharashtra. The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL). NIIF IFL is an infrastructure debt fund dedicated to refinancing high-quality operational infrastructure projects. The refinancing from NIIF IFL secured significantly improved commercial terms to facilitate prepayment of existing loan facility and delivering reduction in finance costs while releasing capital for future deployment.