Solar Projects Company Seeking Loan in Challakere, India

Looking for funding to setup 5MW solar power plant, received approvals from Karnataka Government.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Solar Projects
Locations  Challakere
Local Time 7:30 PM Bangalore
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 5 million for 12.0% annual interest, 12 years (Native Currency: INR 350,000,000)
Reason: To kick start the project.
Collateral Available: USD 0
Includes physical assets worth USD 340 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Business Overview

- Newly incorporated firm is setting up a 5 Mega Watt solar plant in Gudikote, kudligi, Karnataka.

- Government order received for 5 MW.

- Bank Guarantee paid of 25 lakhs.

- Have identified a 27 acre plot to set-up the solar plant which would have a capacity of 5 Mega Watt in first step.

- Our project is getting establish at gudikote, kudligi, Karnataka power plant giving it a strategic importance.

- PPA has been signed with software park at Vartur - Bangalore.

- The profits margins are expected to be attractive because of the low maintenance cost.

- Promoters have a combined experience of 15 years working for MNC's like Suzlon, Ennar Com and Azure Power.

Products & Services Overview

- Solar power plant.

- Ground Mounted PV Module Generation.

Facilities Overview

Rented office space of 1,500 Sq. Ft.

Recent Activity
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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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