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JSW Cement Secures Loan from MUFG Bank

Published on October 05, 2022
Current Context: As its first sustainability-linked loan, JSW Cement Limited raised USD 50 million (Rs. 400 crores) from MUFG Bank India Limited.
JSW Cement Secures Loan from MUFG Bank
  • 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
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