Standard Chartered Arranges India’s First Listed Green NCDs by a Real Estate Developer

12 Nov 2025 CW Team

Total Environment Resorts (TERPL), a subsidiary of Bengaluru-based Total Environment Group, has successfully issued Rs 1.75 billion in Listed Rated Non-Convertible Debentures (NCDs), arranged and subscribed by Standard Chartered. This marks India’s first listed green NCD issuance by a real estate developer.

Standard Chartered acted as the Sole Arranger and Green Co-ordinator for the issuance. The proceeds will be used primarily to develop a residential real estate project in Bengaluru, pre-certified at IGBC Green Homes Platinum level. The issuance also received a Second Party Opinion (SPO) from Bureau Veritas, an independent risk management and quality assurance firm.

The Bank supported TERPL in structuring the green NCD, selecting the SPO provider, and ensuring compliance with the ICMA Green Bond Principles and SEBI’s Green Debt Securities Regulations.

Kamal Sagar, Founder and Chairman, Total Environment Group, said, “We have always believed that good design is about ensuring that we achieve our needs without impacting our ecosystem or compromising the ability of future generations to meet theirs.”

Sanjay Gurjar, Co-Head, Coverage, India & South Asia, Standard Chartered, added, “This issuance underscores our commitment to promoting sustainable finance across our markets.”

Manmeet Gulati, Head of Commercial Real Estate Financing, South Asia, Standard Chartered, said, “The closure of this listed green bond aligns with our goal of offering first-to-market sustainable financing solutions in the real estate sector.”

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..