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Indowind Energy announced it has obtained a term loan sanction of Rs 760 million from IREDA, New Delhi, (Indian Renewable Energy Development Agency) out of which it has now availed Rs 360 million for completing the existing 18 MW operational projects.

The balance term loan amount of Rs 400 million has been earmarked for implementing the new projects to be undertaken this year.

The company provides turnkey solutions for developing wind farm projects, O&M services and related support.