Reportedly, Mahindra Susten Private Limited has secured Rs 10.25 billion financing for 300 MW renewable energy project for NHPC Limited in Rajasthan.
Its subsidiary, Hazel Hybren Private Limited, entered into a binding agreement with HDFC Bank under which the bank has provided structured financing of Rs 10.25 billion for the project. NHPC is the offtaker for the project, which is expected to support capacity addition in line with India’s clean energy targets.