47421
AARTI INDUSTRIES LIMITED
Jun 29, 2023
India
South Asia
Jun 16, 2023
B - Limited
Active
Jun 30, 2023
Regional Industry - MAS Asia & Pac
Manufacturing
Approved : Jun 16, 2023
Signed : Jun 17, 2023
Invested : Jun 29, 2023
All Other Chemical Product
The proposed IFC investment involves a 10-year senior secured loan of up to US$130 million to Aarti Industries Limited (“the Company” or “AIL”). The proposed loan will be utilized towards capacity expansion, modernisation and debottlenecking initiatives (“the Project”) in Jhagadia and Dahej, in the state of Gujarat, India, which consists of: (i) expansion of nitro toluene capacities at Jhagadia, (ii) expansion of ethylation capacities at Dahej, (iii) setting up of a chloro-toluene and its derivatives plant at Jhagadia, (iv) setting up of multi-purpose plants and pilot plants for customized manufacturing at Jhagadia, and (v) expansion and debottlenecking of other existing capacities at Jhagadia and Dahej. IFC’s loan is structured as a Sustainability Linked Loan (SLL) and builds in incentives for the Company to meet agreed emission reduction targets.
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Local Access of Project Documentation
71, Udyog Kshetra, 2nd floor, Mulund Goregoan Link Road, Mulund (West), Mumbai-400080, Maharashtra, India.