DCM Shriram has raised a sustainability-linked loan (SLL) of Rs 200 crore from HSBC India to fund its capex plan in Gujarat. The company has a presence in sugar, fertilizer, and chemical businesses.
“This is our first sustainability-linked loan obtained from HSBC India, marking our unwavering dedication to our environmental, social, and governance (ESG) objectives,” Amit Agarwal, Executive Director & Group CFO, DCM Shriram Ltd, said in a press release.
“We have embarked on projects worth approximately Rs 3,500 crore, predominantly within our sugar and chemical divisions. Notably, projects in our sugar business have already been commissioned, while those in the chemicals business are nearing completion,” he said.
Ajay Sharma, Head-Commercial Banking, HSBC India, said, “This collaboration signifies a shared commitment towards fostering sustainability and responsible business practices. It solidifies dedication to a greener and more responsible future.”