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Project detail:
The project provides USD 150 million (INR equivalent) in debt financing to Aditya Birla Capital Limited through subscription to non-convertible debentures (NCDs). The financing will support lending activities in India’s renewable energy and E-mobility sectors, with the objective of accelerating the country's transition to a low-carbon economy and reducing greenhouse gas emissions. Eligible financing includes renewable energy such as solar, wind, geothermal, pumped storage and hydrogen, as well as energy storage, E-mobility solutions and associated infrastructure. Expected results include increased renewable generation capacity and GHG emission reduction.
Project Cost:USD 150 million (INR equivalent) proposed by AIIB through subscription to NCDs issued by ABCL.
Note: please download project document attached to this project for more information.
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