Adani Transmission zooms ~1.5% as its $700 million revolving facility marked as Green Loan

15 Jun 2022 , 01:01 PM

Adani Transmission Limited informed that its US $700 million revolving facilities have been tagged as a green loan by Sustainalytics.

This gives assurance on the green loan framework for the revolving facility of the company.

Anil Sardana, MD and CEO, ATL, commented, “ATL has signed energy compact goals as part of COP26 and the energy compact with UN in November 2021.”

“This tag from Sustainalytics vouches company’s overall philosophy to facilitate the transition to green energy by increasing the share of renewable power in the overall grid, at par with India’s commitment to climate change.”

Sustainalytics has issued the independent SPO through aligning reviewed framework with the current market standards and the extent to which the eligible project categories are credible and impactful.

Sustainalytics has a view that ATL’s green loan framework positions to the four core components of the green loan principles 2021 on project evaluation & selection, use of proceeds and associated contribution to sustainable development goals, management of proceeds, and reporting.

At around 1.09 PM, Adani Transmission was trading at Rs2,080.80 up by Rs23.8 or 1.16% from its previous closing of Rs2,057 on the BSE. The scrip touched intraday high and low of Rs2,119.95 and Rs2,071.60 respectively.