SJVN Limited has secured Rs 100 billion construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders.
SJVN Green Energy Limited (SGEL) collaborated with SBI Capital Markets Limited (SBI Caps) for this endeavour. On behalf of SGEL, SBI Caps served as the only advisor and transaction arranger. The proposals of five banks (Deutsche Bank, State Bank of India, Punjab National Bank, Bank of India, and MUFG Bank) were approved following thorough discussions and deliberations. This revolving credit facility permits SJVN to access funds continuously based on the ongoing construction needs of its projects. This arrangement will empower SJVN to accelerate the progress of its renewable energy projects currently under construction.
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