+
Tata Steel in discussion to raise up to $400 mn in offshore green loan
Steel

Tata Steel in discussion to raise up to $400 mn in offshore green loan

India's Tata Steel is in discussions to raise up to $ 400 million, which would be the company's first green loan.

The debt might have a tenor of around five years and that the proceeds would be utilised for capital investment. Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co., and Mitsubishi UFJ Financial Group Inc. are some of the lenders.

No decision has been made in stone yet, and specifics may yet alter. According to information collated by Bloomberg, this would be Tata Steel's first green loan.

Steel production uses a lot of carbon, thus the industry needs new funding to reduce its environmental impact. According to a 2022 McKinsey Quarterly analysis, the transition to low-emissions products will cost around $ 4.4 trillion over the following 30 years.

Tata Steel falls short of its competitors on a number of environmental parameters, such as greenhouse gas emissions, air quality, and water and waste management.

Also read:
Tata Steel Q4 Update: 3% growth in output; 3.43% decline in revenue
UltraTech Cement partners with Tilt Brand Solutions


India's Tata Steel is in discussions to raise up to $ 400 million, which would be the company's first green loan. The debt might have a tenor of around five years and that the proceeds would be utilised for capital investment. Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co., and Mitsubishi UFJ Financial Group Inc. are some of the lenders. No decision has been made in stone yet, and specifics may yet alter. According to information collated by Bloomberg, this would be Tata Steel's first green loan. Steel production uses a lot of carbon, thus the industry needs new funding to reduce its environmental impact. According to a 2022 McKinsey Quarterly analysis, the transition to low-emissions products will cost around $ 4.4 trillion over the following 30 years. Tata Steel falls short of its competitors on a number of environmental parameters, such as greenhouse gas emissions, air quality, and water and waste management. Also read: Tata Steel Q4 Update: 3% growth in output; 3.43% decline in revenue UltraTech Cement partners with Tilt Brand Solutions

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code