Indorama gets Rs 670 crore DBS trade facility

Mumbai: DBS Bank India has extended a ₹670 crore sustainability-linked trade facility (SLTF) to Indorama India, a wholly owned subsidiary of Indorama Corp. The loan is designed to encourage sustainable manufacturing within eastern India's fertiliser sector, the bank said.

"By linking trade finance to clearly defined environmental performance targets, the SLTF enables Indorama India to access capital as it progresses towards meaningful reductions in greenhouse gas emissions intensity, water use intensity and energy intensity," DBS Bank said.