PROJECT

Projects

Summary of Investment Information

Project Number

42346

Company Name

DCM SHRIRAM LIMITED

Date SPI Disclosed

Mar 22, 2019

Country

India

Region

South Asia

Projected Board Date

Apr 23, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 22, 2019

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : May 13, 2019
Signed : May 29, 2019
Invested : Sep 18, 2019

Sector

Sugar and Confectionery

Project Description

 DCM Shriram Limited (“DCM” or the “Company”) is one of India’s leading business conglomerates with its main business lines as follows: (i) Agribusiness (fertilizer, seeds, sugar and trading of agri inputs); and (ii) Chloro-Vinyl (caustic soda, chlorine & polyvinyl chloride (PVC)).   

The proposed transaction is an A-Loan of US$35 million by IFC to support (a) a brownfield expansion of its existing sugar plant at Hariawan (located in Hardoi district in Uttar Pradesh) by an incremental 5000 tons of cane per day (TCD); (b) an installation of a 30 MW cogeneration power plant using bagasse as fuel in Hariawan; and (c) an expansion of its distillery capacity in Ajbapur.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation