Tata Realty Secures Rs 8.25 Bn from IFC to Refinance Chennai IT Park

10 Jul 2024 CW Team

Tata Realty and Infrastructure Limited (TRIL) has secured a substantial loan of Rs 8.25 billion from the International Finance Corporation (IFC) to refinance an IT park project in Chennai. This financing aims to support TRIL's ongoing efforts in developing and enhancing infrastructure projects, particularly in the commercial real estate sector.

The loan from IFC, under its Sustainable Development Bond program, will be utilised to refinance existing debt and further develop the IT park, ensuring sustainability and promoting green building initiatives. The IT park is strategically located in Chennai, a key hub for IT and commercial activities, catering to the growing demand for modern office spaces.

TRIL, a subsidiary of Tata Sons Private Limited, has a strong track record in developing sustainable and environmentally responsible projects across India. The refinancing initiative underscores TRIL's commitment to enhancing infrastructure quality and promoting economic growth through innovative financing solutions.

IFC's support not only reinforces TRIL's financial stability but also aligns with global standards for sustainable development and responsible investing in the real estate sector. The refinancing will enable TRIL to optimise project costs, improve operational efficiencies, and continue delivering high-quality infrastructure solutions in alignment with environmental, social, and governance (ESG) principles.

The transaction highlights the collaboration between TRIL and IFC in promoting sustainable infrastructure development, supporting economic growth, and meeting the evolving needs of commercial real estate in Chennai's dynamic market.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..