Tata Communications Secures $250 Million Sustainability-Linked Loan

Tata Communications Limited has secured a $250 million (around ₹2,075 crore) sustainability-linked loan (SLL) from ANZ, DBS Bank, and Export Development Canada (EDC).

What Happened: This is the first such loan under Tata Communications’ new SLL framework, marking a milestone in the company’s green initiatives. The three lenders will jointly finance the facility, which is the first of its kind in the sector in India.

The interest rate margin of the loan will be adjusted based on Tata Communications’ progress in achieving its carbon emission reduction targets. This innovative financing model is in line with the company’s long-term ambition to be Net Zero across its global operations by 2035.

See Also: Tata Tech Shares Extend Losses To 6Th Day As Brokerage Initiates Coverage With ‘Sell’

Kabir Ahmed Shakir, CFO, of Tata Communications, described the transaction as a “landmark step towards supporting our belief in sustainability as a value creator.”

Earlier in the day, the Tata Group company announced the launch of its Unified/Single-Vendor Hosted Secure Access Service Edge (SASE) for global enterprises, in collaboration with Versa Networks. The Tata Communications Hosted SASE solution integrates software-defined wide area networks (SD-WAN) and secure service edge (SSE) capabilities using single-pass technology.

Hosted and managed end-to-end by Tata Communications, the solution provides secure, scalable, and agile deployment. The company’s expertise across network, security, and cloud domains ensures seamless operational management and integration with existing enterprise systems, offering robust support throughout the deployment process.

Price Action: Tata Communications’ share price was up 1.53% to trade at ₹1,859.25 in early trade on Thursday.

Read Next: Mapmyindia Up 11% As Goldman Sachs Sees Almost 40% Upside