Gujarat Industries Power Company Limited entered into loan Agreement with National Bank For Financing Infrastructure And Development. Purpose of entering into the agreement: Hypothecation. Size of agreement: INR 28,320 million Details of lender: NaBFID.

Nature of the loan: Term Loan. Date of execution of the loan agreement: May 2, 2024. Details of the security provided to the lenders: Hypothecation of Phase I Project property i.e. 600 MW Solar (PV) Power Generation project at Khavda Great Rann of Kutch, Gujarat.