DFC Commits $30 Million for Plastic Recycling in India

19 Oct 2023 CW Team

The US International Development Finance Corporation (DFC) has pledged $30 million to Dalmia Polypro Industries to establish a plastic recycling facility in Maharashtra. Dalmia, known for producing high-quality recycled materials from post-consumer plastic waste, will secure the funds through external commercial borrowing (ECB) to support the new recycling facility in Nashik, according to a DFC statement.

The facility is expected to enhance India's plastic waste value chain and increase its capacity to reduce plastic waste, as noted by Ajay Rao, DFC's regional managing director for South Asia.

This recycling facility is designed to handle 1,71,000 metric tonnes of recycling per year and facilitate the development of food-grade recycled materials and applications by Dalmia Polypro. Moreover, the facility will manufacture high-quality recycled PET (rPET), PP (rPP), and HDPE (rHDPE) flakes and granules, with a portion of its power coming from renewable energy and biofuel sources.

An agreement between the two parties was signed in the financial capital on Wednesday.

Mike Hankey, Consul General at the US Consulate General in the city, remarked, "Dalmia's new facility will expand recycling capacity in India, generate employment, and provide economic opportunities for informal workers and small and medium-sized enterprises involved in the plastics recycling supply chain."

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..