"While the company is continuously evaluating the
developments and options in the green financing space, there is
nothing concrete," a Tata Steel spokesperson told Reuters.
"We continue to focus on our deleveraging plan and further
repayments beyond the $4.5 billion deleveraging achieved in the
last 3 years," the spokesperson said, without giving any other
details.
(Reporting by Hritam Mukherjee in Bengaluru)
BENGALURU, April 18 (Reuters) - Indian steelmaker Tata
Steel is in talks to raise as much as $400 million in what could
be the steelmaker's first green loan, Bloomberg News reported on
Tuesday.
Tata Steel has been making efforts to be carbon neutral and
plans to start producing "green" steel - or steel made without
using fossil fuels - in 2030 at its plant in Ijmuiden,
Netherlands.
The debt could have a tenor of about five years and the
funds raised would be used for capital expenditure, the report
said, citing sources.
The details are not final and might change, the report
added, saying lenders for the loan include Bank of America Corp,
HSBC Holdings, JP Morgan Chase & Co and Mitsubishi UFJ Financial
Group.
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