JSW Cement signs $50 mn green loan pact

Mumbai: JSW Cement has signed a sustainability-linked loan agreement with the domestic arm of French lender BNP Paribas to raise $50 million or about Rs 414 crore in debt capital. This is JSW Cement's second green debt capital taking the total sustainability-linked funding to $100 million now, the company said in a statement. The company plans to use the money to fund its capacity expansion in line with its long-term target of achieving 50 mtpa capacity. According to Parth Jindal, the managing director of JSW Cement, the second green loan comes within six months of availing the first such loan.