JSW Cement signs sustainability linked loan agreement of Rs 414 crore with BNP Paribas, ET RealEstate

June 23, 2023

<p>Representative Image</p>
Representative Image

NEW DELHI: JSW Cement, part of JSW Group, has signed a sustainability linked loan (SLL) agreement to raise USD 50 million (approximately Rs 414 crore) from BNP Paribas Singapore.

This is JSW Cement’s second Green Debt Capital raised within a short span of few months taking its SLL-based green capital funding to US$ 100 million.

Parth Jindal, managing director of JSW Cement, “During the last eight years, we have grown our production capacity four times while reducing our carbon emission intensity by half. The new capital will enable us to fund our capacity expansion with the long-term target of achieving 50 MTPA capacity.”

The company plans to use the newly raised capital to fund its capacity expansions in line with its long-term target of achieving 50 MTPA cement-making capacity in India.

BNP Paribas acted as the Mandated Lead Arranger and Bookrunner (MLAB) and the Sustainability Loan Coordinator for this transaction.

DNV Business Assurance India (DNV) acted as the Second Party Opinion (SPO) provider.

  • Published On Jun 12, 2023 at 04:00 PM IST

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