 "Govt proposes Rs 11k-cr plan to boost domestic solar panel manufacturing")
Mahindra Renewables Private Limited (MRPL), a 100 per cent subsidiary of Mahindra Susten Private Limited plans to develop a solar park in Madhya Pradesh that will be backed by the International Finance Corporation (IFC).
The estimated project cost is around Rs 12.8 billion. The proposed IFC investment involves a loan of up to Rs 3.2 billion and a potential mobilisation of Rs 6.4 billion from other lenders. Proceeds from the IFC investment will be used by the company for the construction of the project.
MRPL has been granted a 250 MWac solar power project within the 750 MWac Rewa Ultra
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