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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More Business News Here

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.

Leave a Comment
Share
Published by
Sumit Arora
4 years ago

Recent Posts

Dhar Selected for Safe Cities Project, ₹10 Crore Allocated for Safety Measures

Dhar has been selected for the Safe Cities Project 2026 and it marks the major…

7 hours ago

Athletics Integrity Unit Puts India in Category A: Rising Doping Cases Raise Alarm

The Athletics Integrity Unit (AIU) have upgraded the India to the Category A. This category…

7 hours ago

Which is the Oldest University in the World? Check the List of Top-10

Education has a long and rich history. Some universities in the world were built hundreds…

10 hours ago

Archaeological Survey of India Restoration Project at Konark Sun Temple Explained

The Archaeological Survey of India (ASI) has started the important conservation operation at the Konark…

11 hours ago

Which River is known for Forming the Largest River Island in the World?

River islands are special landforms that form inside rivers when soil, sand, and small rocks…

11 hours ago

UK Tobacco and Vapes Bill Explained: Ban for Those Born After 2009

UK Parliament has approved the Tobacco and Vapes Bill which will permanently ban the individuals…

11 hours ago