JSW Cement Wins $50 Million To Fund And Achieve Environmental Goals

12 Jun 2023 , 01:10 PM

JSW Cement secures a $50 million Sustainability Linked Loan from BNP Paribas Singapore to support environmental initiatives. This is the second round of SLL-based green capital funding for JSW Cement, bringing the total green debt capital to $100 million.

BNP Paribas acted as the MLAB and sustainability loan coordinator, while DNV provided the second-party opinion.

JSW Cement previously raised Rs400 crore SLL from MUFG Bank, totaling Rs800 crore in green capital. The funds will be used for capacity expansions to achieve a cement-making capacity of 50 MTPA in India.

JSW Cement has grown production capacity four times while reducing carbon emissions intensity by 50%. The company is committed to ESG goals and aims to create a sustainable future through its green cement portfolio.
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