Embassy Office Parks REIT has received a green loan certification for Rs 730 crore of bank loans from Axis Bank. With this, Embassy REIT has become the first organization in the Indian real estate sector to receive a green loan certification from Climate Bonds Initiative, an investor-focused international not-for-profit organization working to mobilize global capital for climate action towards a low carbon and climate resilient economy.
In October 2021, Embassy REIT raised SPV-level debt of Rs 650 crore from Axis Bank which was used to refinance a construction loan for its 100 MW solar project in Bellary, Karnataka. In February 2022, an additional loan of Rs 80 crore was secured for the ongoing construction of one of Asia’s largest solar rooftop projects of over 20 MW scale across pan-India properties of Embassy REIT. These two loans have now been certified as green loans, thereby enhancing Embassy REIT’s cumulative sustainable finance portfolio to over Rs 2,170 crore.
Embassy REIT is India’s first publicly listed Real Estate Investment Trust.
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|---|---|
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| TVS Holdings | 14470.85 |
| RattanIndia Ent | 37.79 |
| Altius Telecom Infra | 169.00 |
| Authum Inv. & Infra | 495.50 |
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