JSW Cement raises $50 million green debt

13 Jun 2023 , 10:05 AM

JSW Cement has secured a $50 million sustainability-linked loan agreement with BNP Paribas Singapore to finance its capacity expansions.

JSW Cement has recently obtained its second round of green funding, amounting to $50 million. This follows a previous capital raise of the same amount. The company’s long-term goal is to achieve a production capacity of 50 million tonnes.

JSW Cement is the top environmentally-friendly cement company in India and presently operates manufacturing facilities in various locations such as Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha, Dolvi in Maharashtra, and Fujairah in the UAE.

The company’s combined production capacity across these units is currently 17 million tonnes per annum (MTPA).

JSW Cement is a division of the diverse JSW Group, which has a total worth of $22 billion. As a prominent conglomerate in India, the JSW Group has investments in a variety of sectors including steel, energy, infrastructure, paints, sports, and venture capital.

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