YES Bank lends $146.3 million to India’s Mahindra Renewables for 250 MW project


Mahindra Renewables Pvt Ltd, a wholly owned subsidiary of Mahindra Susten Pvt Ltd, has achieved financial close for its 250 MW Solar Power Project, to be located in the Rewa District of Madhya Pradesh.

YES Bank Ltd will provide financial assistance in the form of project debt to the extent of INR 7.5 billion ($115.5 million), and from other financial institutions up to INR 2 billion ($30.8 million).

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