DBS Bank India has announced the extension of a ₹670 crore sustainability-linked trade facility to Indorama India Private Limited, marking a milestone as the bank’s largest sustainability-linked trade transaction to date.
The facility is designed to encourage environmentally responsible practices in fertiliser manufacturing by linking financing to specific sustainability performance indicators. These indicators include reductions in greenhouse gas emissions intensity, water use intensity, and energy intensity, with the structure aligned to internationally recognised Sustainability-Linked Loan Principles.
The trade facility encompasses Letters of Credit, Purchase Invoice Financing, and Buyer’s Credit Import Advance, supporting Indorama India’s trade and working capital requirements.
Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said, “Responsible banking is central to how we engage with our clients, and sustainability-linked structures allow us to align financing with long-term environmental outcomes. This mandate reflects our ability to deliver complex, cross-border solutions and support clients as they integrate sustainability into their growth plans. We remain committed to advancing sustainable finance in a way that delivers meaningful impact.”
Manish Kumar Agarwal, CFO – Indorama India, said, “The partnership with DBS reflects our commitment to integrating sustainability into our financial strategy and operations. This strengthens our liquidity position and reinforces our dedication to ESG principles, aligning our business growth with responsible practices. It is a testament to the collective efforts of everyone involved in making this possible. We will continue to build on this momentum as we advance our sustainable finance agenda.”
