Private Equity

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Tata Realty and Infra raises Rs.825-Cr from IFC for Chennai biz park

Investor Disclosure   Business Standard  

Mumbai-based Tata Realty and Infrastructure Ltd (TRIL) has secured an INR 825 crore loan from the International Finance Corporation (IFC). The funding will be used for the strategic refinancing of Ramanujan Intellion Park in Chennai and its commitment towards advancing its sustainability efforts to elevate the standards of green commercial space across the country.The 25.27-acre Ramanujan Intellion Park encompasses both a Special Economic Zone (SEZ) processing area and a non-processing zone. Ramanujan Intellion Park has achieved a complete reduction of emissions through renewables or carbon offsets, saving more than 20 per cent on water and embodied energy in materials while attaining over 42 per cent energy savings on-site.