MoneyWorks4Me

Exim Bank disburses 10 million Euro term loan to Indowind Energy

26 Feb 2013 Evaluate

Indowind Energy has received a term loan amounting 10 million Euros whereby Exim Bank has disbursed the said amount out of sanctioned term loan amounting 18 million Euros to the company for setting up 25 MW wind mill project.  

The company shall start earning income from 6 MW of project assets funded by Bank from current season, on completion of legal formalities.

Indowind Energy is engaged in selling ready-to-buy wind farm projects to corporate as well as state governments. It has strong capabilities and expertise in areas like project management, robust managerial and financial resources and experience in the operations of wind farms.

Peers
Company Name CMP
NTPC 325.05
Tata Power 363.70
Adani Power 199.90
Power Grid Corpn. 266.25
Adani Energy Solut. 1342.10
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