Anil Ambani led Reliance Capital arm will get a loan assistance of Rs 300 crore from government body IREDA to utilise funds for on-lending to renewable energy sector.
“Reliance Money (a brand of Reliance Commercial Finance Ltd or RCFL) signs Rs 300 crore agreement with Indian Renewable Energy Development Agency Ltd(IREDA),” Reliance Money said in a statement today.
The company will use the funds for lending to its renewable energy and energy efficiency projects, it said in a statement.
“Our partnership with IREDA opens new opportunities for us to create solutions for renewable power sector,” said Devang Mody, Executive Director and CEO, Reliance Commercial Finance Limited (RCFL).
RCFL finances wind and solar energy projects besides providing assistance for developing infrastructure and projects in renewable energy space backed by government. Read More…
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