New Student Offer - Use Code HELLO

Register Now

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.


Q.1 Recently JSW Cement secured a loan of Rs. _____cr. from MUFG Bank Ltd.
a. 300
b. 400
c. 500
d. 600
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu