Tata Realty secures rs 825 crore from IFC to refinance IT park in Chennai
Tata Realty, a subsidiary of Tata Sons, has secured an Rs 825 crore loan from the International Finance Corporation (IFC) to refinance Ramanujan Intellion Park situated in Taramani, Chennai. Ramanujan Intellion Park has achieved a complete reduction of emissions through renewables or carbon off-sets, saving more than 20 percent on water and embodied energy in materials while attaining over 42% percent energy savings on-site. The financing from IFC is a strategic investment in advancing our efforts enhance the sustainability and climate resilience of Ramanujan Intellion Park." The 25.27-acre IT park encompasses both a special economic zone (SEZ) processing area and a non-processing zone. It has a total leasable area of approximately 4.67 million sq ft of IT/ITES commercial office spaces.
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