ACME Solar secures Rs 1,100 crore funding to refinance Rajasthan project
ACME Solar Holdings has raised Rs 1,100 crore in domestic funding from State Bank of India (SBI) for its subsidiary. In its regulatory filing the company highlighted that the funds will be used to refinance existing debt and lower financing costs by nearly 100 basis points for its 300 MW renewable energy project in Rajasthan.
