Avaada Energy raises ₹1,000 crore from ADB, Germany’s DEG and Netherlands' FMO1 min read 09 Apr 2019, 10:52 AM IST
The equity raised is for financing Avaada Energy’s 2.4 giga watt (GW) renewable energy portfolio
Avaada Group is targeting a 5 GW capacity
New Delhi: Vineet Mittal-promoted Avaada Energy Pvt Ltd has raised ₹1,000 crore from investors such as the Asian Development Bank, Germany’s Deutsche Entwicklungs- und Investitionsgesellschaft (DEG), Dutch development bank Netherlands Development Finance Company (FMO), Avaada Group said in a statement on Tuesday.
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