Economic Laws Practice advised Rays Power Infra on solar power plant deal

Economic Laws Practice advised Rays Power Infra on solar power plant deal

The transaction was over Rs.700 crores

Rays Power Infra has sold its solar power plant projects in Telangana, Karnataka, and Tamil Nadu to two global investors.

Rays Power is now absolutely debt-free with additional cash to boost its next phase of green energy development.

The Tirunveli Solar Project Private Limited in Tamil Nadu operates a 100 MW solar power plant and has an enterprise value of over Rs.330 crores.

The Economic Laws Practice team led by Abhishek Sanyal (Partner) included Jishnu Dhar (Senior Associate), and Daryl Menezes (Associate).