- JSW Cement Ltd. raised the loan for capital expenditure with an increased focus on sustainability.
- The loan is the first transaction undertaken by MUFG Bank India Ltd. out of its new GIFT City, Gandhinagar, Gujarat branch.
- The assistance from the bank will help the cement company to increase its production capacity to 25 million tons per annum (MTPA) by 2025.
- The Rs. 400 crore loans will also form a part of the company’s Environment, Social, and Governance (ESG) objectives.
- JSW Cement is one of the leading green cement companies in India which is a part of JSW Group and was established in 2009 with its headquarters in Mumbai, Maharashtra. The current MD of the company is Parth Jindal.
Question:
Q.1 Recently JSW Cement secured a loan of Rs. _____cr. from MUFG Bank Ltd.a. 300
b. 400
c. 500
d. 600
