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EESL plans to raise $400 million debt to finance expansion
State-owned Energy Efficiency Services Ltd (EESL) is planning to raise another $400 million from multilateral agencies and international bond markets to finance a massive expansion into rural street lighting, high-capacity energy-efficient municipal water pumps and into overseas markets, managing director Saurabh Kumar said. The funds will be utilized for the company's expansion into rural LED street lighting, energy efficient municipal water pumps and retrofitting of central and state government buildings. The company is also planning to raise Rs500 crore from the domestic bonds market.
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