NLCIL secures green loan agreement with SMBC to accelerate renewable energy transition

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