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- 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