JK Tyre Secures India’s First $100 Million Sustainability-Linked Loan to Drive Green Manufacturing Revolution

With one such step ahead toward sustainable growth, JK Tyre & Industries yesterday stated it had decided to acquire the first-ever Sustainability Linked Loan by a company worth $100m from the IFC. Funds drawn under the said loan shall increase passenger car radial tire-making capacities at the company's Madhya Pradesh's Banmore Plant while enhancing TBR capacities of Truck and Bus tyres at its plant situated at Laksar, Uttarakhand. The initiative will help promote energy-efficient manufacturing, strengthen local supply chains, and create jobs, thus reinforcing JK Tyre's commitment to environmental sustainability. 

 

Source: Franchise India