NLC India Limited (NLCIL) has finalised its maiden green loan under external commercial borrowings framework, equivalent to USD 100 million, with Sumitomo Mitsui Banking Corporation (SMBC).
The proceeds will exclusively finance capital expenditure of renewable energy projects executed through NLCIL’s renewable energy subsidiary, NLC India Renewables Limited. This low cost funding will help to optimise margins on renewable energy projects in NLCIL.