Construction Industry News
JSW Cement has raised Rs 4 billion from MUFG Bank India as its first sustainable loan. The Sajjan Jindal-led company plans to use the funds as capital expenditures to meet its annual capacity target of 25 million tons in FY25, it said in a statement.
This is also the first transaction of MUFG Bank India conducted from the new IFSC branch launched in August 2022 in Gujarat's Gift City. MUFG is currently Japan's largest bank.
JSW Cement has installed capacity of 17 million tons in its units in Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha and Dolvi in Maharashtra.
JSW Cement has installed capacity of 17 million tons in its units in Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha and Dolvi in Maharashtra.
Its subsidiary Shiva Cement is investing Rs 1,500 crore in a 1.36 million ton clinker unit along with a 1 million ton milling unit in Sundergarh district of Odisha.
The Mitsubishi UFJ Financial Group is one of the world's leading financial groups headquartered in Tokyo with over 360 years of history.
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