JSW Cement has taken a loan of US$48.9m with which to finance its planned 47% capacity growth to 25Mt/yr from 17Mt/yr.
MUFG Bank India provided the loan subject to sustainability-linked criteria.
Press Trust of India News has reported that the producer’s subsidiary Shiva Cement is in the process of establishing a US$183m.
1.36Mt/yr clinker plant and 1Mt/yr grinding plant in Odisha’s Sundergarh District.
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Date posted 05/10/2022
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