India’s UltraTech has raised a US$ 500m ‘green’ loan

UltraTech Sustainability

India’s UltraTech Cement, which is part of the Aditya Birla Group, has raised $500 million (about ₹4,000 crore) through a sustainability-linked loan. Lenders for the financing procedure include Sumitomo Mitsui Banking Corporation (SMBC), SBI, BNP Paribas, DBS, MUFG and Mizuho. SMBC acted as the sole sustainability coordinator for the financing, which is aligned to UltraTech’s sustainability-linked financing framework.