India's Greencell for e-buses in Gujarat
Standard Chartered structured the financing as a cashflow backed, secured and ring-fenced, 5-year tenor INR-denominated, secured Project Finance term loan facility , with sponsor support, to enable GreenCell to better optimise its capital structure and borrowing costs, especially in a challenging macro environment.
In addition, we assessed the project for Green Loan eligibility based on our own Green and Sustainable Framework and international sustainability standards.
GreenCell is also implementing almost 1,500 e-buses in Maharashtra, Uttar Pradesh, Karnataka, Rajasthan, Uttarakhand, New Delhi, Madhya Pradesh and other parts of Gujarat.
More info available at the official website:
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