Rabo India Provides Structured Project Finance to MSPL Limited for Wind Farm Project

Rabo India Finance has structured an amortising Rupee and USD project finance facility for MSPL Limited (MSPL) to set up a 32.40 MW-wind farm project in Karnataka. Rabo India acted as the financial advisors for this transaction and has also provided part of the project finance facility through Rabo India and Rabobank, Singapore Branch.

This amount will be used by MSPL towards part financing the INR 1.33 billion wind farm project. MSPL is among the pioneers in systematic and scientific mining in India and is one of the largest exporters of iron ore in India.

According to Sanjiv Bhasin, CEO, Rabo India, “This transaction once again underlines Rabo India's commitment to support sustainable energy business initiatives in the country.”

According to Shrenik Baldota, ED, MSPL, “We see wind energy as an alternative stable revenue stream for the company and MSPL as one of the leading companies in the renewable energy space in India. Rabo India has played a key role in structuring and financing of this transaction for MSPL, and we see them as our long term partners in our strategic growth path”.

About Rabo India Finance Limited

Rabo India Finance, the Indian subsidiary of Rabobank Nederland provides innovative corporate and investment banking product driven solutions to clients in the following knowledge sectors: Food & Agribusiness, Life Sciences (including pharmaceuticals, healthcare and biotechnology) Telecom, Media and IT (TMI) Infrastructure Development and the Financial Services Sector.

The Rabobank Group is one of the world's safest bank with over €430 billion in assets and has over 100 years of industry practice experience & expertise spanning several industries globally.

Rabo India provides the entire spectrum of fund and fee based products & services in India drawing on its local resources as well as Rabobank's global network spanning 222 offices across 34 countries.

About the Rabobank Group

The Rabobank Group is the largest financial services provider in the Dutch market. Owing to its co-operative foundation, the Rabobank Group's primary drive is to act in its clients' interest. The Group's core target is to create and increase customer value is its core objective. The Rabobank Group is the world's most creditworthy privately owned financial institution. It has over nine million private and business customers and is market leader in the Netherlands in virtually every area of financial services. The Rabobank Group consists of some 320 independent local co-operative Rabobanks in the Netherlands which have a combined total of 1.5 million members. Also internationally well known specialized entities such as Rabobank International (corporate and investment banking, international retail banking), De Lage Landen (leasing and vendor finance), Gilde Investment (venture capital), Interpolis (insurance) and Robeco (asset management) belong to the Rabobank Group. Its international network encompasses 222 offices in 33 countries.