New Delhi, March 6 IL&FS Mutual Fund (Infrastructure Debt Fund) announced on Friday that it has committed ₹125 crore to Hero Solar Energy, a part of the Hero Future Energies platform, to refinance debt and support the expansion of its renewable energy projects.
Hero Solar Energy will issue secured debentures to IL&FS Mutual Fund to facilitate the deployment of long-term capital, the fund house said in a statement.
To date, IL&FS Mutual Fund has committed nearly ₹1,500 crore to renewable energy investments across the country, generating an average return of more than 9.5 per cent per annum.
The IL&FS MF renewable energy portfolio includes leading platforms and operating assets such as CleanMax; AD Hydro Power Ltd; Bhilwara Green Energy; BG Wind Power; Inox Wind; Polyplex Corporation and renewable hydro assets including: Kanchanganga Hydro Power; Bhilangana Hydro Power; Radiance Renewable Energy; Ayana Renewable Power.
The latest commitment to Hero Solar Energy further strengthens the Fund's diversified clean energy portfolio.
IL&FS Mutual Fund (Infrastructure Debt Fund) is a leading infrastructure-focused mutual fund managed by IL&FS Infra Asset Management Ltd (IIAML).
The fund manages third-party capital from leading Indian financial institutions, including banks, insurance companies, and pension/provident funds.
The fund has successfully executed all scheduled redemptions in a timely manner, returning about ₹2,000 crore to investors, most recently in May 2025.
