DBS Bank India extends INR 670 crore sustainability-linked trade facility to Indorama India

The transaction marks the largest sustainability-linked trade facility arranged by DBS Bank India

Designed to encourage sustainable manufacturing within eastern India’s fertiliser sector, the facility for Indorama reflects DBS Bank India’s strong structuring capabilities in delivering cross-border solutions. 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 INR 1,280 crore for Tata Realty and Infrastructure Ltd. In June, it structured a USD 80 million green financing for Aseem Infrastructure.

Across the broader DBS Group, in January 2025, DBS Bank Indonesia announced a USD 20 million sustainability-linked trade finance facility for PT Indo-Rama Synthetics Tbk, following a USD 10 million credit facility completed in 2024.

DBS Bank India continues to receive meaningful industry recognition for its strengths in corporate and sustainable finance. In 2025, the bank received the awards for Best Bank for Corporate Banking and Best Bank for Corporate Cash Management from CRISIL Coalition Greenwich, and in 2024 Global Finance named it Best Bank for Sustainable Finance in India.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.  

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney, and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025. DBS Bank India was recognised by CRISIL - Coalition Greenwich as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India in 2025. In the same year, Euromoney also named DBS Bank India the Best Digital Bank for SMEs in India. 

As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. 

DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states. 

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience. 

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

About Indorama

Indorama India Private Limited (IIPL) is a leading Indian fertiliser manufacturer, playing a significant role in the production of phosphatic and urea fertilisers while maintaining a diversified presence in agri-inputs and industrial materials. The company is engaged in the manufacture and sale of phosphatic and urea fertilisers, customised fertilisers, crop protection products, seeds, plant and soil health solutions, specialty fertilisers, and spandex yarns, serving both agricultural and industrial markets.

Incorporated in September 2017, Indorama India Private Limited commenced operations with the acquisition of Tata Chemicals Limited’s phosphate fertiliser plant at Haldia, West Bengal, along with the well-established ‘Paras’ brand. In January 2022, the company further strengthened its fertiliser footprint through the acquisition of the Aditya Birla Group’s fertiliser business at Jagdishpur, Uttar Pradesh, adding urea manufacturing in its portfolio under the ‘Shaktiman’ brand. In addition, IIPL operates a state-of-the-art spandex yarn manufacturing facility at Baddi, Himachal Pradesh, under “INVIYA brand”.

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