Indorama India Private Limited, a fully owned subsidiary of Indorama Corporation Pte Ltd, has received the highest Sustainability-Linked Trade Facility (SLTF) to date from DBS Bank India, worth Rs. 670 crore.

The deal demonstrates DBS Bank India’s ongoing dedication to ethical banking practices and its assistance to businesses incorporating sustainability into their expansion plans. The facility strengthens the bank’s emphasis on encouraging socially and ecologically conscious corporate practices by tying financing terms to sustainability performance.

The Indorama facility showcases DBS Bank India’s robust structuring skills in providing cross-border solutions and is intended to promote sustainable manufacturing in the fertiliser sector of eastern India. The SLTF gives Indorama India access to funding as it moves closer to significant reductions in greenhouse gas emissions intensity, water use intensity, and energy intensity by tying trade finance to well-defined environmental performance criteria.

Its design complies with the widely accepted Sustainability-Linked Loan Principles, guaranteeing quantifiable and validated advancement towards the predetermined goals. The programme, which includes Buyer’s Credit Import Advance (BCIA), Purchase Invoice Financing (PIF), and Letters of Credit (LC), would assist Indorama India in managing the working capital needed for its business, trade, and procurement operations.

“Responsible banking is essential to our client engagement, and sustainability-linked structures enable us to align financing with long-term environmental outcomes,” stated Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India. This mandate demonstrates our capacity to provide intricate, international solutions and assist customers in incorporating sustainability into their expansion strategies. We are still dedicated to promoting sustainable finance in a way that has a significant impact.

“The collaboration with DBS demonstrates our dedication to incorporating sustainability into our financial strategy and operations,” stated Manish Kumar Agarwal, CFO for Indorama India. This aligns our business growth with ethical standards, improves our financial position, and reaffirms our commitment to ESG principles. It is evidence of how hard everyone worked together to make this happen. As we move forward with our sustainable finance strategy, we will keep building on this momentum.

The Indorama facility expands on a number of sustainable finance deals that DBS Bank India organised in 2025. The bank served as Tata Realty and Infrastructure Ltd.’s exclusive advisor and green loan coordinator for an INR 1,280 crore green loan facility in December. It arranged for Aseem Infrastructure to receive USD 80 million in green finance in June.

After completing a USD 10 million loan facility in 2024, DBS Bank Indonesia announced a USD 20 million sustainability-linked trade finance facility for PT Indo-Rama Synthetics Tbk in January 2025.