Addwatt Power Raises Rs 100 Million In Debt


Addwatt Power has successfully raised Rs 100 million which includes a mix of the project working capital and debt refinancing in its various subsidiaries. On the occasion, Mr. Aman Mathur, MD. Addwatt Power observed, “Saraswat Bank has been one of our important lenders for the group businesses and with them, Addwatt sees a mutual desire to increase footprints in Renewable Energy Space”. The fund will further aid the group’s capabilities to execute renewable projects.


The company is currently engaged in developing over 100Mw of projects in states like Karnataka, Maharashtra.


About—”Addwatt Power Solutions Pvt Ltd”
Addwatt Power Solutions Pvt. Ltd is a leading and diversified company operating in the field of the Solar Power Sector. It has a presence in more than 20 states with the overall project execution experience of 1 GW solar projects. IOCL, NTPC, BHEL, Metro Railways, IITs, SECI, Aditya Birla etc. are some of its customers. For more information please visit us at http://www.addwatt.com

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