Question

    ReNew has secured a project loan of ₹2,700 crore from which bank for its 403 MW Peak Power Project In which the loan has a tenor of 20 years and the interest rate charged is in the range of 8.75% to 9.25%?

    A Canara Bank Correct Answer Incorrect Answer
    B Union Bank of India Correct Answer Incorrect Answer
    C UCO Bank Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ReNew has secured a project loan of ₹2,700 crore from the State Bank of India for its 403 MW Peak Power Project.  The loan has a tenor of 20 years and the interest rate charged is in the range of 8.75% to 9.25%. Under the partnership for this project, ReNew will invest around ₹313 crore ($38 million) for its 51% stake in the project.

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