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News JSW Cement takes US$50m sustainability-linked loan

JSW Cement takes US$50m sustainability-linked loan

Written by Global Cement staff 12 June 2023
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India: JSW Cement has signed a US$50m sustainability-linked loan agreement with BNP Paribas Singapore. The Hindu BusinessLine newspaper has reported that the producer plans to use the funds for capital expenditure projects aimed to more than double its production capacity to 50Mt/yr from 17Mt/yr. Current plans include US$388m in investments in the construction of a 2.5Mt/yr integrated cement plant in Madhya Pradesh and a 2.5Mt/yr grinding plant in Uttar Pradesh.

The latest loan from BNP Paribas is the second of its kind taken by the group, following a US$48.5m sustainability-linked loan from Japan-based MUFG Bank in October 2022.

Last modified on 14 June 2023
Published in Global Cement News
Tagged under
  • India
  • JSW Cement
  • Madhya Pradesh
  • Uttar Pradesh
  • Investment
  • Loan
  • Finance
  • BNP Paribas Securities
  • MUFG Bank India
  • Sustainability
  • CO2
  • GCW612
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