30 Sep 2025 | 5 Mins Read
Oyster Renewable Energy secures ₹1,844 crore loan for MP power project
Flipitmoney
Oyster Green Hybrid Three, a subsidiary of Oyster Renewable Energy, secured a ₹1,844 crore loan from Union Bank of India to finance its 342 MW hybrid project in Madhya Pradesh. The 20-year loan aims to bridge India's industrial energy supply gap with sustainable energy. The project will reduce carbon emissions by 7.9 lakh tonnes annually and has a 25-year PPA for captive power.