JSW Cement secures Rs 4 billion sustainability-linked loan

10 Oct 2022 CW Team

JSW Cement has received its first sustainability-linked loan of Rs 4 billion from MUFG Bank India. The company, led by Sajjan Jindal, intends to use the fund for capital expenditure in order to meet its annual capacity target of 25 million tonne by FY25. While this is the company's first sustainability-linked loan, it is also MUFG Bank India's first transaction out of its new IFSC unit branch in Gift City, which will open in August 2022. Parth Jindal, Managing Director of JSW Cement, stated that the funding will allow the company to meet its capacity goal of 25 million tonnes per annum by FY25, as well as its environmental, social, and governance (ESG) objectives.

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