PROJECT

Projects

Environmental Review Summary

Project Number

23966

Company Name

RAMKY INFRASTRUCTURE LIMITED

Date ERS Disclosed

May 3, 2005

Country

India

Region

South Asia

Date Revised ERS Disclosed

May 27, 2008

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 29, 2005
Signed : Jun 30, 2005
Invested : Jan 11, 2008

Sector

Waste Treatment and Management (Except Wastewater)

Industry

other

Department

Regional Industry - INF Asia & Pac

Project Description

IFC, in 2005, committed an investment in Ramky Enviro Engineers Limited (REEL), a Ramky Group subsidiary handling the company’s waste management facilities, to part-finance the establishment of a number of waste management facilities throughout India. At the sametime, IFC had also committed an investment in Ramky Infrastructure Limited (RIL or the company), a Ramky Group subsidiary managing the group’s engineering, procurement and construction contracts business in the infrastructure sectors. Subsequently, the committed investment in REEL was dropped and IFC proceeded with only a part of the committed investment in RIL, though the structure of this investment in RIL has also since changed.

Environmental and Social

Conclusion & Monitoring