Ratul Puri led Hindustan Power achieves financial closure of INR 1,135 crore for its 435 MWp solar project in Uttar Pradesh

Hindustan Power, an integrated power producer in India, has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of INR 1,135 crore.

The company said the project is progressing as per the planned development schedule. 

The project benefits from a long-term power purchase agreement (PPA) with Uttar Pradesh Power Corp. Ltd (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. It is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state’s growing energy requirements through clean power generation.

 “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion,” said Ratul Puri, chairman, Hindustan Power. “Uttar Pradesh is experiencing growing energy demand alongside an increasing focus on renewable energy, and projects of this scale will play an important role in strengthening the state’s clean energy capacity. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”

Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.