Standard Chartered has announced the extension of a Sustainability-Linked Trade Facility (SLTF) worth INR 540 crore to Indorama India Private Limited, supporting the company’s sustainability and ESG-focused financing initiatives.
The facility has been structured as a sustainability-linked trade and working capital arrangement, built around clearly defined sustainability performance targets aligned with Indorama India’s ESG framework. The financing structure links commercial terms to the achievement of these sustainability goals, encouraging measurable progress while integrating sustainability into the company’s broader financing activities.
Angel Sivan, Regional Head of Transaction Banking Corporate Sales India & South Asia at Standard Chartered, said:
“We are pleased to partner with Indorama India in supporting its sustainability journey through this tailored SLTF. By integrating ESG-linked targets into the deal structure, we are enabling our clients to align their growth with more responsible business practices. This transaction underscores our commitment to delivering innovative financial solutions that support our clients’ sustainability ambitions.”
Manish Kumar Agarwal, CFO of Indorama India, added “The partnership with Standard Chartered reflects our commitment to integrating sustainability into our financing activities. This strengthens our liquidity position and reinforces our dedication to ESG principles. It is a testament to the collective efforts of everyone involved in making this possible. We will continue to build on this sustained momentum as we further advance our sustainable finance agenda.”
Indorama India Private Limited operates across fertilisers, agri-inputs, crop solutions, specialty fertilisers, industrial materials, and spandex yarn manufacturing. The company strengthened its fertiliser business through the acquisition of Tata Chemicals’ phosphate fertiliser plant in Haldia, West Bengal, in 2017, followed by the acquisition of the Aditya Birla Group’s fertiliser business in Jagdishpur, Uttar Pradesh, in 2022.
The latest transaction reflects the growing momentum around sustainability-linked financing solutions in India’s corporate and industrial sectors, as companies increasingly align financing strategies with ESG and long-term sustainability objectives.