India, March 18 -- The sanctioned amount includes Rs 931 crore as a fresh rupee term loan and Rs 48 crore in the form of a bank guarantee facility, the company said.

The project, which is being developed across Bharuch and Bhavnagar districts, is backed by 25-year long-term power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL), ensuring revenue visibility over the long term.

The total project cost is estimated at Rs 1,241.68 crore and will be funded in a debt-equity ratio of 75:25, with the sanctioned term loan forming the debt component.

The financing comes with a door-to-door tenor of 20 years and one month, including an implementation period of one year and four months and a moratorium of one year, providing long-te...