The power generated from the solar plant will be utilised predominantly for the common areas of CLINTs assets in Tamil Nadu. This will increase CLINTs green energy usage by over 70%, reduce its carbon emissions by more than 17,000 tonnes, as well as reduce its need to purchase power.
CapitaLand India Trust ties up Rs 1,300-crore loan from JP Morgan for data centre thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
CLINT, formerly known as Ascendas India Trust, was listed on the Singapore Exchange Securities Trading in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India.
India Trust (CLINT) has secured a five-year construction loan of Rs 1300 crore from J.P. Morgan India to finance phase 1 development of its data centre in Navi Mumbai. Securing this onshore loan in India reflects CLINTs disciplined capital management through a diversification of its funding sources.