DCM Shriram Secures Rs 200 Cr Sustainability-Linked Loan From HSBC India

DCM Shriram, a company engaged in sugar, fertiliser and chemical businesses, has secured a Sustainability Linked Loan (SLL) amounting to Rs 200 crore from HSBC India. The funds obtained through this strategic financial move will be utilised to support the company's ongoing capital expenditure initiatives in Bharuch, Gujarat, as mentioned in an official statement.

Amit Agarwal, Executive Director & Group CFO of DCM Shriram, highlighted the significance of this loan as the company's first Sustainability Linked Loan acquired from HSBC India. He emphasised their steadfast commitment to Environmental, Social, and Governance (ESG) objectives. DCM Shriram has initiated projects worth approximately Rs 3,500 crore, primarily within their sugar and chemical divisions. Notably, projects in the sugar business have already been commissioned, while those in the chemicals segment are approaching completion.

Ajay Sharma, Head of Commercial Banking at HSBC India, reaffirmed the bank's dedication to providing financing that supports and encourages the transition toward a more sustainable economy. He emphasised that the collaboration between DCM Shriram and HSBC India underscores their shared commitment to promoting sustainability and responsible business practices, further solidifying their commitment to a greener and more responsible future.