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JK Tyre Receives USD 100 Million Sustainability-Linked Loan from IFC

Published on January 27, 2025
Current Context: JK Tyre & Industries has secured a USD 100 million sustainability-linked loan (SLL) from the International Finance Corporation (IFC).
JK Tyre Receives USD 100 Million Sustainability-Linked Loan from IFC
  • The loan comprises USD 30 million directly for JK Tyre and up to USD 70 million for its subsidiary, Cavendish Industries Limited (CIL).
  • This funding, which was confirmed on January 21, 2025, supports JK Tyre's efforts to expand tyre manufacturing capacity and promote sustainable practices.
  • Key objectives of the loan include:
    • Enhancing energy-efficient tyre production processes.
    • Increasing manufacturing capacity to meet growing demand.
    • Creating employment opportunities, contributing to economic growth.
    • Achieving specific sustainability targets, including reduced carbon emissions and improved resource efficiency.

Question:

1 How much sustainability-linked loan (SLL) has JK Tyre & Industries secured from the International Finance Corporation (IFC)?

  • A) USD 50 million
  • B) USD 75 million
  • C) USD 100 million
  • D) USD 150 million
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