DBS acts as the sole lead arranger for the transaction through its GIFT City branch, enabling climate-positive infrastructure development

DBS Bank Ltd. has successfully led a USD 80 million green finance facility for Aseem Infrastructure Finance Limited (AIFL), marking AIFL’s first-ever green loan and External Commercial Borrowing (ECB). The funding will be used to boost the development of renewable energy projects across India, advancing the country’s decarbonisation goals.

DBS served as the sole mandated lead arranger and sustainability coordinator for the transaction, executed through its IFSC Banking Unit (IBU) in GIFT City. Aseem Infrastructure, a Non-Banking Financial Company – Infrastructure Finance Company (NBFC–IFC) registered with the Reserve Bank of India and backed by National Investment and Infrastructure Fund (NIIF), is focused on enabling sustainable infrastructure development through customised funding solutions.

Supporting India’s Clean Energy Milestone
India’s energy landscape is undergoing a transformative shift, with renewables contributing over 220 GW to the installed capacity as of March 2025, according to the Ministry of New and Renewable Energy. AIFL’s funding will directly support the national target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030.

“This maiden green loan is a milestone for AIFL, and DBS is proud to be a trusted partner in their journey as they support India’s transition to a decarbonised future,” said Rajat Verma, Managing Director and CEO of DBS Bank India.

As sustainability coordinator, DBS structured the facility in line with internationally recognised green finance principles, cementing its leadership in the region’s sustainable finance landscape. In 2024, Global Finance named DBS the Best Bank for Sustainable Finance – India, underscoring its broader commitment to responsible banking.

A Climate-positive Lending Philosophy
For AIFL, the transaction reinforces its mission of catalysing infrastructure development that balances economic growth with environmental stewardship.

“This maiden ECB transaction represents a pivotal step in our mission to drive sustainable development by harmonising economic growth with environmental responsibility,” said Virender Pankaj, CEO, Aseem Infrastructure Finance. “This loan empowers us to channel investments into renewable energy projects, setting a benchmark for eco-conscious infrastructure lending.”