DCM Shriram gets Rs 1 bn green loan from Standard Chartered

11 Apr 2024 CW Team

DCM Shriram announced that it had obtained Rs 1 billion in sustainable finance from Standard Chartered Bank to support the forthcoming compressed bio-gas plant in Uttar Pradesh. According to the company, the compressed bio-gas plant, with a daily capacity of 12 tonnes, at the Ajbapur Sugar Unit, will manufacture compressed bio-gas using 'pressmud' as the feedstock, which is a by-product generated during the sugar manufacturing process.

Amit Agarwal, the Executive Director and Group CFO of DCM, stated that this marks the company's second sustainable finance transaction in the past six months.

Shobana Chawla, Executive Director of Sustainable Finance at Standard Chartered Bank, mentioned that sustainable financing remains a key strategic priority for the bank. She elaborated, saying, "We have been aiding our clients in transitioning to net zero, and at the group level, we have committed to mobilizing $ 300 billion in sustainable finance by 2030. Providing this facility to DCM Shriram is one such initiative."

DCM Shriram operates in various sectors including Chlor-vinyl, power, cement, sugar, and fertilizer, among others.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..