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.”

Infrastructure Energy

23 Dec 2025

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High C..

LANXESS Advances Pigment Solutions for New-Age Concrete Technologies

LANXESS is deepening its engagement with next-generation concrete technologies by advancing research into the performance of iron oxide pigments across emerging construction applications, including self-compacting concrete (SCC), geopolymers and 3D-printed concrete. Through extensive investigations and long-term weathering tests, iron oxide pigments have proven their suitability for a wide range of concrete construction materials, though their use in new formulations requires a thorough understanding of construction chemistry and material interactions.According to Oliver Fleschentraeger, Techn..

JHS Svendgaard to Invest Rs 250 Million in Kala Amb Expansion

JHS Svendgaard Laboratories (JHS), a leading Indian manufacturer of oral care products, has announced an investment of Rs 250 million to expand its manufacturing footprint in Kala Amb, Himachal Pradesh. The investment is aimed at strengthening production capacity, introducing advanced technologies and supporting the company’s next phase of growth in response to rising domestic and global demand.As part of the expansion plan, JHS will construct a new 100,000 sq ft manufacturing facility on its existing five-acre land parcel at Kala Amb. The project is expected to be executed over a two-year p..