Hero Solar Energy Secures ₹1.25 Billion Funding from IL&FS Mutual Fund for Expansion

IL&FS Mutual Fund has committed ₹1.25 billion to Hero Solar Energy, a subsidiary of Hero Future Energies, for debt refinancing and project expansion. As part of the deal, secured debentures will be issued to IL&FS to facilitate long-term capital deployment.

IL&FS Mutual Fund has invested around ₹15 billion in renewable energy across India, achieving average annual returns exceeding 9.5%. The fund's renewable energy portfolio includes assets such as CleanMax, AD Hydro Power Ltd, and Inox Wind, among others.