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

Kolkata-based Srei Equipment Finance Limited (SEFL) has announced that it has received a credit approval of $30 million from the Dutch development bank FMO. According to SEFL, the loan will be utilised to refinance the green activities undertaken by the company. SEFL, a wholly owned subsidiary of Srei Infrastructure Finance Limited, will refinance its green activities either through financing or leasing of the equipment used for solar and wind projects. Various Indian companies working in the renewable energy space have received the much-needed financial assistance from FMO for their portfolio expansion.

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