In Short : The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million blue finance loan aimed at boosting green projects in India. This initiative focuses on financing sustainable water and climate-related projects, promoting environmental conservation and resilience. The partnership underscores a commitment to advancing India’s green finance sector and […]
IFC appoints Indian national Vikram Kumar as regional director for Asia and Pacific – EQ
In Short : The International Finance Corporation (IFC) has appointed Indian national Vikram Kumar as the new Regional Director for Asia and the Pacific. His role will focus on driving sustainable development and investment initiatives across the region. In Detail : IFC has appointed Vikram Kumar as the Regional Industry Director for Infrastructure and Natural […]
IFC to finance Brookfield’s 550-MW solar power project in Rajasthan – EQ
In Short : The International Finance Corporation (IFC) will finance Brookfield’s 550 MW solar power project in Rajasthan. This funding supports the expansion of solar energy infrastructure, contributing to India’s renewable energy goals and sustainable development. In Detail : The financing will be provided through long-term non-convertible debentures allocated to the project’s special purpose vehicles […]
IFC Lauds Efforts Of India In Tackling Impact Of Climate Change By Taking Proactive Policy Measures To Support Green Financing Initiatives – EQ
In Short : IFC praises India’s proactive policy measures to tackle climate change, particularly its efforts to support green financing initiatives, reflecting a commitment to sustainable development and environmental stewardship. In Detail : International Finance Corporation (IFC) has lauded the efforts of India in tackling the impact of climate change by taking proactive policy measures […]
Grasim secures Rs 1,250 crore from IFC via NCD – EQ
In Short : Grasim Industries has secured Rs 1,250 crore from the International Finance Corporation (IFC) through non-convertible debentures (NCD). In Detail : The sustainability-linked NCDs will support the company’s investment in paint manufacturing, it said in exchange filings on Tuesday. CHENNAI : Tapping green funds, Grasim Industries, the flagship company of Aditya Birla Group, […]
IFC, IIT Jammu, Tabreed introduce innovative sustainable cooling labs – EQ
In Short : The International Finance Corporation (IFC), in collaboration with the Indian Institute of Technology (IIT) Jammu and Tabreed, has introduced innovative sustainable cooling labs. This initiative likely aims to advance research and development in sustainable cooling technologies, contributing to more energy-efficient and environmentally friendly solutions. In Detail : Eco-friendly cooling promotes innovation, environmental […]
According to the International Finance Corporation (IFC), India requires blended finance to significantly increase climate-related investments, aiming to reach $170 billion annually by the year 2030 – EQ
India requires blended finance to escalate climate-related investments to approximately $170 billion per year by 2030, as emphasized by the International Finance Corporation (IFC). Blended finance combines public and private funding to support sustainable projects. Meeting this financial target is essential for India to address climate change effectively, transition towards renewable energy, and reduce carbon […]
APG, IFC, and AIIB are competing to invest $250 million in Mahindra InvIT – EQ
Dutch pension fund APG Asset Management, the World Bank’s investment arm International Finance Corp (IFC), and Asian Infrastructure Investment Bank (AIIB) are in a race to invest up to $250 million (?2,080 crores) in Mahindra Susten’s renewable infrastructure investment trust (InvIT), stated two people aware of the development.first that several global investors, including APG, had […]
IndiGrid raises Rs 1,140 crore via long term bonds from IFC – EQ Mag
India Grid Trust has announced that IFC (International Finance Corporation) has subscribed to a listed NCD (non-convertible debenture) issuance of IndiGrid, aggregating to Rs 1,140 crore, according to a statement. India Grid Trust on Thursday said it has raised Rs 1,140 crore through long-term non-convertible debentures from International Finance Corporation. India Grid Trust (IndiGrid) is […]
IFC issues Sustainability-Linked Bond to Tata Cleantech Capital, a first-of-its-kind to foster renewable energy, drive climate targets – EQ Mag
New Delhi : A new funding is set to spur India’s renewable energy capacity and help improve access to climate finance, with International Finance Corporation (IFC) investing INR 3,750 million (about $50 million) in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital. This is the first such instrument issued by a private financial institution […]