Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects

Adani Green to launch $1 bn bond by December; Tata Power to raise $320 mn this month

Adani Green Energy (Adani Green) and Tata Power are planning on raising funds via green bonds to finance their new projects. While Adani Green is intent on raising $1 billion via green bonds, Tata Power is in the process of raising $320 million via sustainability-linked loans, say bankers.

Sajjan Jindal’s steel-to-energy conglomerate JSW Group is also in the process of shifting to sustainability-linked longer tenure and marginally low-cost green bonds.

“While Adani Green fund will launch the bonds by December, Tata Power will raise funds in October,” said bankers.

Green bonds are used to raise funds by Indian companies for