DBS Bank India has extended its largest Sustainability-Linked Trade Facility (SLTF) to date, of ₹670 crore, to Indorama India, a wholly owned subsidiary of Indorama Corporation.
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.
Its structure aligns with globally recognised Sustainability-Linked Loan Principles, ensuring measurable and verifiable progress against the agreed targets. The facility, encompassing Letters of Credit (LC), Purchase Invoice Financing (PIF), and Buyer’s Credit Import Advance (BCIA), will help Indorama India manage its working capital requirements for its trade, procurement, and business activities.
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.”
Manish Kumar Agarwal, CFO – Indorama India, said, “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.”
The facility for Indorama builds on a series of sustainable finance transactions arranged by DBS Bank India in 2025. In December, the bank acted as sole adviser and green loan coordinator for a green loan facility of $1,280 crore for Tata Realty and Infrastructure. In June, it structured an $80 million green financing for Aseem Infrastructure.
Across the broader DBS Group, in January 2025, DBS Bank Indonesia announced a $20 million sustainability-linked trade finance facility for PT Indo-Rama Synthetics Tbk, following a USD 10 million credit facility completed in 2024.
