Atria Power Corporation working towards raising structured debt from Piramal

The Atria Power Corporation is reportedly in talks with Piramal Enterprises Limited to raise structured debt worth Rs 6.48 trillion. Atria Power is looking to expand its capacity and repay investors with the raised funds. Finance will be extended by Piramal Enterprises’ structured finance group. The company’s current portfolio consists of 125.5 MW of wind projects, 46.6 MW mini hydropower projects and two solar projects, aggregating 30 MW, in the development phase.

GET FREE ACCESS TO OUR ARTICLES

Enter your email address