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Solar Power Plant Seeking Loan in New Delhi, India

Funding required for a solar power plant with government-backed PPA and INR 8 crore central financial assistance.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 5.4 million
Run Rate Sales USD 2.2 million
EBITDA Margin 6 %
Industries Solar Power Plants
Locations  New Delhi
Local Time 9:23 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 5.4 million for 8.0% annual interest, 20 years (Native Currency: INR 450,000,000)
Reason: - We are seeking a loan for a solar power plant, with a power purchase agreement for 25 years with t... View More
Collateral Available: USD 0
Includes physical assets worth USD 500 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- This is a New Delhi-based contracting business that designs and constructs solar power PPAs for the government.
- There are 6 active government projects totaling INR 75 crore, comprising 2 national and 4 state government initiatives estimated to be completed within the next 20 months and 50 more projects in the pipeline.
- We are seeking funding to establish a solar power plant in Rajasthan for which we have entered into a PPA with the government.
- The project will be constructed in 9 locations across 2 districts in Rajasthan, the unit cost of the power generated will be INR 3.24, and the maximum production capacity is 36 Mw across all the locations in total, the project operating duration is 25 years.
- After 1 year of commissioning the project the government will release INR 8 crore as central financial assistance and will be released next year by July.
- The promoter has 32 years of experience in this field and is an IIT Delhi Alumni, with a total group revenue of INR 650 million or USD 8 million, and has numerous government contracts, especially that of solar power plants.
- Due to the long payment cycle the sales are low right now, and we usually get the bulk of our payments in Q4.
- We are a duly compliant company with the necessary certifications and licenses.
Products & Services Overview
The business designs and constructs solar power PPAs for the governments and has ownership in Rajasthan and Maharashtra.
Assets Overview
The tangible assets of the business include:
- Machinery and construction equipment worth INR 2 crore.
- 5 cars worth INR 2 crore.
Facilities Overview
- We operate from a leased office of area 3,500 sq. ft in New Delhi.
- With a total area of 140 acres, the project would be constructed in 9 locations in the districts of Churu and Bikaner in Rajasthan.
Capitalization Overview
The business has CC and BG limits from banks against the collateral of promotors.
There are 3 stakeholders with an 80:14:6 split.
Recent Activity
  • Earlier than 15 days
    Global Business Advisor, Bangalore, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder CEO LB FInancial Services, Kolkata, Financial Consultant connected with the Business
  • Earlier than 15 days
    Independent Advisor, Mumbai, Financial Consultant connected with the Business
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Contact Business
3 Investors contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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