India’s Power Finance Corporation Ltd. refinanced an Adani Green construction-linked loan for $1.06 billion (92.61 billion rupees) in what could be the state-owned lender’s largest such deal in the renewables sector,

India's Adani Green has raised $1.06 billion to refinance a renewable energy project's 2021 debt facility, it said on Monday, in its first major fund raise since the U.S. indictment of its top executives over an alleged bribery scheme.

Adani Green Energy Ltd on Monday announced that it has completed the refinancing of its first construction facility. With an outstanding of $1.06 billion taken in 2021, the company will utilise the facility to develop the country’s largest solar-wind hybrid renewable cluster in Rajasthan.