Reportedly, Grew Solar has planned a capital outlay of Rs 28 billion to establish 3.6 GW of solar module and 3 GW of solar cell manufacturing capacity over the next 12-14 months.
Further, the company has structured the investment with a 2:1 debt-equity ratio, where Rs 9.50 billion will be brought in as equity, and the remaining amount will be funded by leading banks in the country. The 3.6 GW module manufacturing facility is currently under installation.
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