• Extends largest INR 670 crore Sustainability-Linked Trade Facility to Indorama India
• Links trade finance to ESG performance targets for sustainable growth
• Supports working capital and promotes responsible manufacturing in the fertilizer sector

DBS Bank India has strengthened its commitment to sustainable finance by extending its largest Sustainability-Linked Trade Facility (SLTF) of INR 670 crore to Indorama India Private Limited, a subsidiary of Indorama Corporation Pte Ltd. The facility links trade finance to clearly defined environmental, social, and governance (ESG) performance targets, helping Indorama India integrate sustainability into its growth strategy.

The facility is designed to encourage sustainable manufacturing practices in eastern India’s fertilizer sector. It covers Letters of Credit (LC), Purchase Invoice Financing (PIF), and Buyer’s Credit Import Advance (BCIA), enabling the company to efficiently manage working capital for trade, procurement, and business operations. Performance targets include measurable reductions in greenhouse gas emissions intensity, water usage, and energy consumption. The structure aligns with globally recognized Sustainability-Linked Loan Principles, ensuring verifiable progress.

Divyesh Dalal, Managing Director and Country Head at DBS Bank India, said the deal reflects the bank’s ability to deliver complex cross-border solutions while supporting clients in achieving long-term environmental outcomes. Manish Kumar Agarwal, CFO of Indorama India, added that the partnership reinforces the company’s dedication to ESG principles while strengthening liquidity and sustainable finance capabilities.

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This transaction builds on DBS Bank India’s growing track record in sustainable finance. Earlier in 2025, the bank arranged a green loan facility of INR 1,280 crore for Tata Realty and Infrastructure Ltd and structured a USD 80 million green financing for Aseem Infrastructure. The bank has also received multiple accolades, including Best Bank for Corporate Banking and Best Bank for Sustainable Finance in India, highlighting its leadership in responsible finance.