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May 30,2025

SAEL Solar MHP1 Secures $132 Million for Solar Project in Andhra Pradesh

SAEL Solar MHP1, a subsidiary of SAEL Industries, has secured $132 million in debt financing from AIIB, NDB, and Societe Generale—each contributing $44 million—for a Solar Project in Andhra Pradesh. Awarded via SECI’s competitive auction, the project supports India’s Renewable Energy goals.

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