Categories: Business

Adani Transmission’s $700 million loan gets ‘green loan’ tag

Adani Transmission Limited’s, $700 million revolving facility has been tagged as a ‘green loan’ by Sustainalytics. This assures the green loan framework for the revolving facility. Sustainalytics had issued the independent SPO on the alignment of the reviewed framework with the current market standards and the extent to which the eligible project categories are credible and impactful.

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About the project:

A revolving loan facility is a flexible financing tool that provides the borrower with the ability to draw down or withdraw, repay, and withdraw again.
The projects associated with the USD 700 million revolving facility are being implemented in Gujarat and Maharashtra.
In October 2021, the company in a regulatory filing had announced raising USD 700 million for its under-construction transmission asset portfolio through the definitive agreements signed with leading international banks.
MUFG Bank has acted as Green Loan Coordinator to the issuer for arranging the SPO on Green Loan Framework prepared by Adani Transmission.

Important takeaways for all competitive exams:

Adani Transmission Limited CEO: Anil Kumar Sardana;
Adani Transmission Limited Founder: Gautam Adani;
Adani Transmission Limited Founded: 9 December 2013;
Adani Transmission Limited Headquarters: Ahmedabad.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.