Mytrah eyes green bond option; Fund raising getting harder in India: CMD

Piramal Capital-backed firm targets up to one Gw capacity addition every year

Piramal Capital-backed Mytrah Energy plans to raise around Rs 130 billion, including Rs 26 billion in green bonds, over the next two years. Though the company is looking to raise funds only in the domestic market, it feels fund raising in India has become difficult.

In an interview with Business Standard, Vikram Kailas, co-founder, vice-chairman and managing director, Mytrah Energy, said that with 16 out of 20 PSU banks in Prompt Corrective Action of the Reserve Bank of India, there are restrictions on bank lending.

He said Rs 2.80 a unit (kilowatt an hour) is the sustainable tariff