Fri, December 13, 2024
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Mahindra Sustens Martial Solensecures 1448croreloan

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -sustens-martial-solensecures-1448croreloan.html
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  Mahindra Susten secures ₹1,448 crore loan for 560MWp solar projects in Gujarat and Rajasthan, supporting renewable energy targets.

Mahindra Susten's solar engineering, procurement, and construction (EPC) arm, Martial Solen, has secured a ₹1,488 crore loan from the State Bank of India (SBI) to fund its capital expenditure and working capital requirements. This financial boost will support Martial Solen's expansion plans, including the development of solar projects and enhancing its capabilities in the renewable energy sector. The loan underscores the growing confidence of financial institutions in the renewable energy sector and reflects Mahindra Susten's commitment to sustainable energy solutions.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/companies/mahindra-sustens-martial-solen-secures-1488-crore-loan/article68973463.ece ]