<p>Tata Steel Ltd. is in talks to raise as much as $400 million, according to people familiar with the matter, in what could become the company’s first green loan. </p>.<p>The debt could have a tenor of about five years and the proceeds would be used for capital expenditure, said the people, who declined to be named because the matter is private.</p>.<p>The lenders include Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. </p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/tata-international-appoints-rajeev-singhal-as-chief-operating-officer-1206576.html" target="_blank">Tata International appoints Rajeev Singhal as Chief Operating Officer</a></strong></p>.<p>No final decision has yet been taken and details may still change, according to the people. Bloomberg-compiled data indicate this would be Tata Steel’s first green loan. </p>.<p>The company did not immediately respond to <em>Bloomberg</em>’s requests for comment.</p>.<p>Steelmaking is carbon intensive and the sector will require fresh financing to improve its environmental footprint. A global shift to low-emissions productions would require outlays of about $4.4 trillion over the next 30 years, according to a 2022 McKinsey Quarterly report. </p>.<p>Tata Steel lags its peers on several environmental metrics, including greenhouse gas emissions, air quality, and water and waste management, according to data compiled by Bloomberg</p>
<p>Tata Steel Ltd. is in talks to raise as much as $400 million, according to people familiar with the matter, in what could become the company’s first green loan. </p>.<p>The debt could have a tenor of about five years and the proceeds would be used for capital expenditure, said the people, who declined to be named because the matter is private.</p>.<p>The lenders include Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. </p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/tata-international-appoints-rajeev-singhal-as-chief-operating-officer-1206576.html" target="_blank">Tata International appoints Rajeev Singhal as Chief Operating Officer</a></strong></p>.<p>No final decision has yet been taken and details may still change, according to the people. Bloomberg-compiled data indicate this would be Tata Steel’s first green loan. </p>.<p>The company did not immediately respond to <em>Bloomberg</em>’s requests for comment.</p>.<p>Steelmaking is carbon intensive and the sector will require fresh financing to improve its environmental footprint. A global shift to low-emissions productions would require outlays of about $4.4 trillion over the next 30 years, according to a 2022 McKinsey Quarterly report. </p>.<p>Tata Steel lags its peers on several environmental metrics, including greenhouse gas emissions, air quality, and water and waste management, according to data compiled by Bloomberg</p>