DCM Shriram Secured USD 90 Million Funding from World Bank’s IFC
In March 2026, DCM Shriram Limited secured USD 90 million from International Finance Corporation(IFC), the private sector arm of the World Bank Group (WBG), via sustainability-linked Non-Convertible Debentures (NCDs).
Key Details:
Key Focus: The funds will be used to strengthen the company’s strategic initiatives and support long-term growth, including the expansion of downstream chemicals business.
In March 2026, DCM Shriram Limited secured USD 90 million from International Finance Corporation(IFC), the private sector arm of the World Bank Group (WBG), via sustainability-linked Non-Convertible Debentures (NCDs).
Key Details:
Key Focus: The funds will be used to strengthen the company’s strategic initiatives and support long-term growth, including the expansion of downstream chemicals business.
- Also, the proceeds will be used to finance capital expenditures in its agri-businesses to create rural jobs through extensive engagement with farmers at ground level.
Alignment: The deal aligns with the global sustainability financing standards set by the International Capital Market Association(ICMA)’s Sustainability-linked Bond Principles and the Loan Market Association(LMA)’s Sustainability Linked Loan Principles.
Validated by: DCM’s newly developed sustainability-linked framework was independently validated by CareEdge Environmental, Social, and Governance (ESG), a specialized subsidiary of CARE Ratings, ensuring transparency and validity of the sustainability framework.
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