JSW Cement Ltd. said it has raised ₹400 crore ($50 million) in sustainability-linked loan from MUFG Bank India.
The company would deploy the funds for capital expenditure with increasing focus on sustainability.
JSW Cement said it was pursuing the goal of creating a sustainable future for India through its green cement portfolio.
Parth Jindal, managing director, JSW Cement Ltd said, “The new capital will enable us to meet our goal of achieving 25 MTPA capacity in near term.”
Shashank Joshi, Deputy CEO of MUFG India said, “With our market-leading ESG financing capabilities, MUFG has long played a defining role in the sustainability journey of India’s corporate sector. ”.
