Indorama India Private Limited, a fully owned subsidiary of Indorama Corporation Pte Ltd, has received the largest Sustainability-Linked Trade Facility (SLTF) that DBS Bank India has ever offered, at 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 the intensity of greenhouse gas emissions, water consumption, and energy use by tying trade finance to well-defined environmental performance criteria.

Its structure is in line with the internationally accepted Sustainability-Linked Loan Principles, guaranteeing quantifiable and verifiable advancement towards the established goals. The facility, 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 central to how we engage with our clients, and sustainability-linked structures allow 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 clients in incorporating sustainability into their expansion strategies. We are still dedicated to promoting sustainable finance in a way that has a significant influence.

“The partnership with DBS reflects our commitment to integrating sustainability into our financial strategy and operations,” stated Manish Kumar Agarwal, CFO of Indorama India. This aligns our business growth with ethical standards, improves our financial position, and reaffirms our commitment to ESG values. It is evidence of everyone’s combined efforts to make this feasible. 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 consultant and green loan coordinator in December for a green credit facility totalling INR 1,280 crore. It arranged for Aseem Infrastructure to receive USD 80 million in green finance in June.

Following the completion of a USD 10 million credit 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.