Neha Agarwal

Sir, you mentioned that solar module projects are also part of the renewable energy loan book, if I heard that correctly. So however, these projects are gener ally not backed by PPAs and typically, the order books that these plants would have would b e of 1 or 2 years.

When you say firm tie-up, if I may add, that generally, these t ie-ups would be for specific projects only, right? So again, the tenure would be much shorte r. And while our loan tenure is about 7 to 10 years, as you mentioned. So in that, during that period, especially in the second half of it, practically, we will not have much control on the p redictability of their utilization in the plant, et cetera, right?

Yes. So I was actually referring to the module projects only an d not the IPP projects. Here, if you can, just one last point of mine. If you can highlight what percentage of the overall project cost do we typically finance? And what is the debt equity of such projects?