Adani Transmission’s $700 million revolving loans have been flagged as a “green loan” by Sustainalytics. This ensures a green lending framework for revolving loans. Sustainalytics issues an independent SPO on aligning the review framework with current market standards and the credibility and impact of eligible project categories.

Anil Sardana, MD and CEO of ATL, said: “Sustainalytics’ SPO is a testament to Adani Transmission’s overall philosophy of facilitating the transition to green energy by increasing the share of renewables in the overall grid, in line with India’s climate change commitments.”

In today’s statement, the company highlighted that Sustainalytics believes that Adani Transmission’s green lending framework aligns with the four core components of the 2021 Green Lending Principles, namely project evaluation and selection, use of proceeds and related contributions to the SDGs, management layer earnings and reporting.

Notably, projects related to recycling facilities worth $700 million are being implemented in Gujarat and Maharashtra.

In addition, Adani Transmission stated that these investments in eligible categories would support the transmission of clean energy and advance the United Nations Sustainable Development Goal SDG 7 (ensure universal access to affordable, reliable and modern energy services, substantially increase renewable energy share) available energy) energy in the global energy mix)

SDG 9 (Develop quality, reliable, sustainable and resilient infrastructure, including regional and transboundary infrastructure, to support economic development and human well-being), emphasising affordable and equitable infrastructure for all).

In addition, the circular facility underscores the holistic development philosophy implemented by Adani portfolio companies through an internally developed Project Excellence Framework committed to the highest due diligence standards covering all international environmental, social and governance standards (ESG).

MUFG acts as the issuer’s green loan coordinator, arranging the SPO under the green loan framework prepared by Adani Transmission.

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Shares in Adani Transmission were trading at Rs 2,084.40 per share, up to Rs 27.40 or 1.33% at around 2.33 pm. The stock hit an intraday high of Rs 2,119.95 per share.