PROJECT

Projects

Summary of Proposed Investment

Project Number

10839

Company Name

UPL LIMITED

Date SPI Disclosed

Sep 6, 2001

Country

India

Industry

Manufacturing

Projected Board Date

Oct 9, 2001

Status

Completed

Sector

Other Agricultural Chemicals (Pesticides, etc.)

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : Jul 31, 2003
Signed : Nov 10, 2003
Invested : Feb 6, 2004

Project Description

UPL is the largest generic agrochemical company in India.

The project consists of a corporate restructuring and an investment program which includes: (i) refinancing a portion of the company’s debt to extend maturities; (ii) rationalizing of the company’s cost base through modification of the plant processes and moving the UK production facility to India; and (iii) increasing the company’s global presence through acquiring product registrations in developed markets.

IFC investment will help the Indian government to pursue its goals in the corporate restructuring by attracting foreign investment. IFC investment will also contribute to creating a world-class agrochemical company in India.

Sponsor / Cost / Location

Development Impact