India Ratings and Research (Ind-Ra) has upgraded Mahindra Renewables Private Limited’s (MRPL) senior project term loans to ‘IND A+’ from ‘IND A-’. The Outlook is Stable. The detailed rating action is as follows: nstrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (million) Rating/Outlook Rating Action Senior project term loans* – – […]
Mahindra Renewables eligible to be compensated for increase in Capital Cost due to Introduction of GST: CERC – EQ Mag Pro
The Central Electricity Regulatory Commission (CERC) held that Mahindra Renewables are eligible to be compensated for an increase in capital cost due to the introduction of GST. The Petitioner, Mahindra Renewables Private Limited is a generating company and has been declared a successful bidder for the development of one unit of 250 MW capacity of […]
Mahindra Renewables plans $171 mn investment for solar project in Rajasthan
The project will be backed by International Finance Corporation (IFC) Mahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The project will […]
IFC to make debt investment in Mahindra Renewables
International Finance Corporation plans to make a debt investment of $36 million (about Rs 260 crore) in Mahindra Renewables Pvt. Ltd to help the company develop a solar power project. IFC may also separately help the wholly owned unit of Mahindra Susten Pvt. Ltd mobilise a syndicated loan of $93 million, the World Bank’s private-sector […]
