DBS Bank India Arranges ₹670 Crore Sustainability-Linked Trade Finance for Indorama

DBS Bank India has announced a ₹670 crore sustainability-linked trade facility for Indorama India Private Limited, marking the largest such transaction executed by the bank to date. The facility is structured to promote environmentally responsible manufacturing within India’s fertiliser sector, particularly in eastern India.

The sustainability-linked trade facility connects financing terms to Indorama India’s progress on clearly defined environmental benchmarks, including emissions intensity, water efficiency, and energy consumption. The structure adheres to globally recognised Sustainability-Linked Loan Principles, ensuring transparency and accountability.

Covering Letters of Credit, Purchase Invoice Financing, and Buyer’s Credit Import Advance, the facility is intended to support Indorama India’s trade and procurement requirements while aligning capital access with sustainability outcomes.

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.”

According to Manish Kumar Agarwal, CFO – Indorama India, “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.”