SAEL Industries, India’s largest agri waste-to-energy producer, has filed draft papers for a ₹4,575 crore IPO, including a ₹3,750 crore fresh issue and ₹825 crore OFS by Norfund. Proceeds will fund investments in SAEL Solar P4/P5 and debt repayment. SAEL has 5,765.70 MW contracted capacity across 10 states and 1 UT, mainly solar.
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