JSW Cement raises $50 million green debt

14 Jun 2023 CW Team

In October of last year, the business struck another Rs 400 crore SLL arrangement with Japan's Mitsubishi UFJ Financial Group (MUFG).

JSW Cement would use the funds to fund capacity growth in order to meet its long-term goal of reaching 50 MTPA cement-making capacity in India. BNP Paribas served as the transaction's mandated lead arranger and bookrunner (MLAB) as well as the Sustainability Loan Coordinator. DNV Business Assurance India (DNV) provided the Second Party Opinion (SPO).

"This is our second Sustainability Linked Loan signed in the last few months. During the last eight years, we have grown our production capacity four times while reducing our carbon emission intensity by half. The SLL raised from BNP Paribas underscores our continued commitment to our ESG goals," said Parth Jindal, managing director of JSW Cement.

"The new capital will enable us to fund our capacity expansion with the long-term target of achieving 50 MTPA capacity. These capacity building plans will ensure the availability of our high-quality green cement and building material products to our loyal consumers across the country," Jindal added.

Sanjay Singh, chief executive officer (CEO) and head of territory at BNP Paribas India stated, "As the coordinator for the sustainability loan, we collaborated closely with the JSW Cement team to develop and publish its Sustainability Linked Loan framework, and successfully laid the foundation for the said transaction, with more to follow."

JSW Cement is a green cement firm with 17 MTPA capacity across its manufacturing sites in Vijayanagar, Andhra Pradesh, Salboni, West Bengal, Jajpur, Odisha, and Dolvi, Maharashtra.

The corporation is present throughout the building materials value chain, including cement, concrete, and construction chemicals.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

JSW Cement, a subsidiary of the $23 billion JSW Group, announced the signing of a Sustainability Linked Loan (SLL) deal with BNP Paribas Singapore to raise Rs 400 crore ($50 million). JSW Cement has raised its second green debt capital in a year, bringing its SLL-based green investment to Rs 800 crore ($100 million). In October of last year, the business struck another Rs 400 crore SLL arrangement with Japan's Mitsubishi UFJ Financial Group (MUFG). JSW Cement would use the funds to fund capacity growth in order to meet its long-term goal of reaching 50 MTPA cement-making capacity in India. BNP Paribas served as the transaction's mandated lead arranger and bookrunner (MLAB) as well as the Sustainability Loan Coordinator. DNV Business Assurance India (DNV) provided the Second Party Opinion (SPO). This is our second Sustainability Linked Loan signed in the last few months. During the last eight years, we have grown our production capacity four times while reducing our carbon emission intensity by half. The SLL raised from BNP Paribas underscores our continued commitment to our ESG goals, said Parth Jindal, managing director of JSW Cement. The new capital will enable us to fund our capacity expansion with the long-term target of achieving 50 MTPA capacity. These capacity building plans will ensure the availability of our high-quality green cement and building material products to our loyal consumers across the country, Jindal added. Sanjay Singh, chief executive officer (CEO) and head of territory at BNP Paribas India stated, As the coordinator for the sustainability loan, we collaborated closely with the JSW Cement team to develop and publish its Sustainability Linked Loan framework, and successfully laid the foundation for the said transaction, with more to follow. JSW Cement is a green cement firm with 17 MTPA capacity across its manufacturing sites in Vijayanagar, Andhra Pradesh, Salboni, West Bengal, Jajpur, Odisha, and Dolvi, Maharashtra. The corporation is present throughout the building materials value chain, including cement, concrete, and construction chemicals. See also: JSW Cement to set up new plants worth Rs.32 billion JSW Cement ranked #1 in the Sustainalytics ESG risk rating

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..