Denso ties up Rs 4 billion green loan

11 Nov 2022 CW Team

Sumitomo Mitsui Banking Corporation will provide a Rs 4 billion green loan to Japanese car component giant Denso's three Indian subsidiaries.

Three Indian subsidiaries of the Denso Corporation have entered into an arrangement with SMBC for a green loan, also known as a sustainability-related loan, to cover their working capital needs. The financing is intended to act as a motivator for Denso to meet its own sustainability goals.

The auto parts manufacturer has set a goal to achieve net zero carbon emissions at the three Indian subsidiaries' plants by 2025. This will be accomplished by running the industries on renewable energy while simultaneously lowering the overall energy expense.

The company’s progress toward reaching those sustainability goals will be tracked by SMBC. If the goals are met in accordance with the agreed-upon benchmarks, the cost of the loan may decrease and a reduced interest rate may be applied.

Additionally, this partnership will assist SMBC in achieving its objective of delivering more sustainability-related loans to businesses.

Also Read
Hyderabad sees registration of homes worth Rs 22.37 bn in Oct
HDFC Capital invests Rs 15.50 bn in SP Real Estate projects

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..