Gravita India Limited (“Gravita” or the “Company) announced that its step down subsidiary Gravita Netherlands BV has been provided 34 million Euros ESG loan from European Developmental Financial Institutions SOCIÉTÉ DE PROMOTION ET DE PARTICIPATION POUR LA COOPÉRATION ECONOMIQUE S.A. “Proparco” and Oesterreichische Entwicklungsbank AG “OeEB”.
This facility enables Gravita’s offshore businesses to gain financial independence for their capex and working capital needs . The facility is guaranteed by the parent Gravita India Limited. The loan will be utilized to further strengthen Gravita’s sustainability initiatives.
This facility has been Solely Structured and Arranged by Azalea Capital Partners LLP, a Mumbai based boutique advisory firm.
Gravita is a leading global recycling company with 11 eco-conscious state-of-the-art manufacturing facilities across the globe with a capacity of 2,51,419 MTPA. The Group is having global footprints in 70+ countries, having recycling DNA of 30+ years with 5 business verticals.
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