Denso ties up Rs 4 billion green loan
ECONOMY & POLICY

Denso ties up Rs 4 billion green loan

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

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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?