Standard Chartered extends INR 540 crore Sustainability-Linked Trade Facility to Indorama India
Supporting Indorama’s efforts to integrate sustainability into its financing activities
06 May 2026, India: Standard Chartered today announced the extension of a Sustainability-Linked Trade Facility (SLTF) of INR 540 crore to Indorama India Private Limited, reinforcing the Bank’s commitment to supporting its clients’ sustainability ambitions.
The facility is structured as a sustainability-linked trade and working capital arrangement, based on clearly defined sustainability performance targets (‘SPTs’) aligned with Indorama’s ESG framework. By linking financing terms to the achievement of these targets, the facility supports the integration of sustainability into Indorama’s core financing activities while incentivising measurable sustainability progress.
Speaking on the occasion, Angel Sivan – Regional Head of Transaction Banking Corporate sales India & South Asia, Standard Chartered said, “We are pleased to partner with Indorama India in supporting its sustainability journey through this tailored SLTF. By integrating ESG-linked targets into the deal structure, we are enabling our clients to align their growth with more responsible business practices. This transaction underscores our commitment to delivering innovative financial solutions that support our clients’ sustainability ambitions.”
Manish Kumar Agarwal, CFO – Indorama India said, “The partnership with Standard Chartered reflects our commitment to integrating sustainability into our financing activities. This strengthens our liquidity position and reinforces our dedication to ESG principles. It is a testament to the collective efforts of everyone involved in making this possible. We will continue to build on this sustained momentum as we further advance our sustainable finance agenda.”
About Standard Chartered
Standard Chartered Bank has been operating in India with a continuous presence of over 165 years making it one of the oldest foreign banks in the country offering a full range of services across business segments including Corporate and Investment Banking and Wealth and Retail Banking. The Bank has an extensive branch network covering major cities. For more information, visit https://www.sc.com/in/
Globally, we are a leading international banking group, with a presence in 54 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
Indorama India Private Limited (IIPL) is a leading Indian fertiliser manufacturer, playing a significant role in the production of phosphatic and urea fertilisers while maintaining a diversified presence in agri-inputs and industrial materials. The company is engaged in the manufacture and sale of phosphatic and urea fertilisers, customised fertilisers, crop protection products, seeds, plant and soil health solutions, specialty fertilisers, and spandex yarns, serving both agricultural and industrial markets.
Incorporated in September 2017, Indorama India Private Limited commenced operations with the acquisition of Tata Chemicals Limited’s phosphate fertiliser plant at Haldia, West Bengal, along with the well-established ‘Paras’ brand. In January 2022, the company further strengthened its fertiliser footprint through the acquisition of the Aditya Birla Group’s fertiliser business at Jagdishpur, Uttar Pradesh, adding urea manufacturing in its portfolio under the ‘Shaktiman’ brand. In addition, IIPL operates a state-of-the-art spandex yarn manufacturing facility at Baddi, Himachal Pradesh, under “INVIYA brand”.