JSW Cement secures Rs 4 billion sustainability-linked loan

JSW Cement has received its first sustainable loan of Rs 4 billion from MUFG Bank India. The company, led by Sajjan Jindal, plans to use the fund for capital expenditures to meet its annual capacity target of 25 million tons by FY25. While this is the company's first sustainability-related loan, it is also MUFG Bank India's first transaction from its new IFSC branch in Gift City, which will open in August 2022. Parth Jindal, Managing Director of JSW Cement, said the funding will enable the company to meet its capacity target of 25 million tons per year in FY25, as well as its environmental, social and governance (ESG) targets.