+
JK Tyre Secures $100M Sustainability-Linked Loan
ECONOMY & POLICY

JK Tyre Secures $100M Sustainability-Linked Loan

India’s tyre industry has achieved a significant milestone as JK Tyre secured a $100 million Sustainability-Linked Loan (SLL) from the International Finance Corporation (IFC). The first deal of its kind in the sector will drive the company’s growth plans and strengthen its sustainability initiatives.

Boosting Production Capacity The loan allocates $30 million to JK Tyre & Industries Ltd and $70 million to its subsidiary, Cavendish Industries Ltd (CIL). The funds will enhance production at JK Tyre’s Banmore plant in Madhya Pradesh, focusing on Passenger Car Radial (PCR) tyres, and CIL’s Laksar facility in Uttarakhand, specializing in Truck and Bus Radial (TBR) tyres.

Advancing Sustainability in Manufacturing This funding aligns with JK Tyre’s commitment to sustainable manufacturing, aiming to integrate eco-friendly practices and reduce environmental impact across its operations. The initiative also supports India’s broader vision for green growth and self-reliance in domestic production.

Strengthening India’s Green Vision The investment underscores the importance of sustainable manufacturing in India, promoting climate-smart production, supply chain efficiency, and quality job creation. This move sets a benchmark for the tyre industry, showcasing the growing emphasis on integrating sustainability into the manufacturing sector.

India’s tyre industry has achieved a significant milestone as JK Tyre secured a $100 million Sustainability-Linked Loan (SLL) from the International Finance Corporation (IFC). The first deal of its kind in the sector will drive the company’s growth plans and strengthen its sustainability initiatives. Boosting Production Capacity The loan allocates $30 million to JK Tyre & Industries Ltd and $70 million to its subsidiary, Cavendish Industries Ltd (CIL). The funds will enhance production at JK Tyre’s Banmore plant in Madhya Pradesh, focusing on Passenger Car Radial (PCR) tyres, and CIL’s Laksar facility in Uttarakhand, specializing in Truck and Bus Radial (TBR) tyres. Advancing Sustainability in Manufacturing This funding aligns with JK Tyre’s commitment to sustainable manufacturing, aiming to integrate eco-friendly practices and reduce environmental impact across its operations. The initiative also supports India’s broader vision for green growth and self-reliance in domestic production. Strengthening India’s Green Vision The investment underscores the importance of sustainable manufacturing in India, promoting climate-smart production, supply chain efficiency, and quality job creation. This move sets a benchmark for the tyre industry, showcasing the growing emphasis on integrating sustainability into the manufacturing sector.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code