Adani Transmission Limited (ATL) has bagged the coveted green loan tag by Sustainalytics for its revolving facility worth $700 million. This provides assurance on the green loan framework forATLs revolving facility.
The firm provides analytical environmental, social and Governance (ESG) research, ratings and data to institutional investors and companies.
A revolving loan facility is a flexible borrowing mechanism that enables the borrower to withdraw, repay, and withdraw again.MUFG Bankhas acted as green loan coordinator to the issuer for arranging the second-party opinion (SPO) on green loan framework prepared by ATL.
The projects associated with the $700 million flexible loan facility are being set up inGujaratandMaharashtra. In Gujarat, these projects are part of the governments green energy corridor projects (GEC), dedicated to the evacuation and transmission of .