Tata Cleantech Capital plans Rs 5.5k crore asset book by FY19

Tata Cleantech Capital Limited (TCCL), a joint venture between Tata Capital and International Finance Corporation, is planning to grow its asset book to around Rs 5,500 crore by fiscal 2019.

With an asset/loan book size of Rs 2,400 crore at present, it expectes nearly USD 120 billion debt funds to flow into the renewable energy space in the next five years.

Speaking to PTI, the company’s Chief Executive Manish Chourasia said, “It is estimated that USD 120 billion of debt fund will be required for these projects and this gives us the hope that we will be able to increase our exposure to nearly Rs 5,500 crore by FY19.”

We are largely focused on funding clean energy projects and the government’s vision of 175 GW of renewable power capacity by 2022 gives us an immense opportunity, added he.

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Research Desk

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