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April 21,2025

PFC, IREDA Plan Auction for Gensol’s EVs

Power Finance Corp. (PFC) and Indian Renewable Energy Development Agency (IREDA) are considering auctioning Electric Vehicles (EVs) acquired by financially troubled Gensol, which had taken loans from these institutions. Gensol's EVs were leased to BluSmart, but with BluSmart halting services, loan repayments are at risk.

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