Kolkata-Based Srei Equipment to get $30 Million from FMO to refinance its renewable business

Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO.

According to Srei Equipment Finance Limited, the loan will be utilised to refinance the green activities undertaken by the company. Srei Equipment, a wholly-owned subsidiary of Srei Infrastructure Finance Limited, will refinance its green activities either through financing or leasing of equipment used for solar and wind projects.

Various Indian companies working in the renewable energy space has received the much-needed financial assistance from FMO for their portfolio expansion.

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