India’s Avaada Energy raises $144m to expand renewables capacity

Vineet Mittal-promoted Avaada Energy Pvt Ltd has raised 1,000 crore ($143.74 million) from investors such as the Asian Development Bank, Germany’s Deutsche Entwicklungs- und Investitionsgesellschaft (DEG), Dutch development bank Netherlands Development Finance Company (FMO), Avaada Group said in a statement on Tuesday.

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