Reliance Power Limited’s subsidiary, Rosa Power Supply Company Limited, has signed definitive agreements to avail a term loan facility of ₹3,760 crore from Power Finance Corporation Limited (PFC). The funds will be disbursed in multiple tranches, subject to customary conditions precedent.
Loan Utilization
The proceeds from this loan will be allocated for general corporate purposes, including:
- Investments in renewable energy projects by the group.
- Capital expenditure for flue gas desulfurization at Rosa.
Key Details
- Loan Provider: Power Finance Corporation Limited (PFC).
- Nature of Transaction: Not a related party transaction; executed at arm’s length.
- Impact: Supports the group’s renewable energy expansion and compliance with environmental norms.
This strategic funding aligns with Reliance Power’s focus on sustainable growth and enhancing its renewable energy portfolio.
TOPICS:
reliance power