Welspun Energy said that it has tied up the loan requirement of Rs 135 crore for its 20-MW solar project in Maharashtra. The debt equity ratio is 75:25.
The project, to come up at Solapur, will be implemented through its step-down subsidiary Welspun Energy Maharashtra.
Welspun has also signed a MoU with Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supplying the power to Mumbai city. The project is expected to feed 28 million units of BEST annually.