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Tata Power receives Rs 450 crore ‘sustainable trade finance facility’ from MUFG Bank of Japan

24 Dec 2022 Evaluate

Tata Power Company has received a Rs 450 crore ‘sustainable trade finance facility’ from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali (TPKL). TPKL is a 100 per cent subsidiary of Tata Power Renewable Energy (TPREL).

It is the first sustainable trade finance facility offered by MUFG in India and TPKL will utilise the funds towards generating renewable energy capacity. MUFG has extended the financing to fund TPKL's two solar power projects - a 100 MW renewable project in Parthur, Maharashtra and a 120 MW green energy project in Mesanka, Gujarat.

Tata Power Company is India's Largest Integrated Power Company.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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