Granules III (IFC-38095)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Vishakhapatnam
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GRANULES INDIA LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 47.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 84.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 15, 2018

Disclosed by Bank Feb 17, 2017


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Project Description

This project finances two parts, one is a debt investment to part-finance Granules' investment that will go towards setting up new capacity, expanding existing capacities; investing in other general capital expenditure requirement at all existing facilities; and investing in R&D to improve its product mix in favor of higher value-added products. 

The second part will go to capital expenditures in India to build a greenfield API manufacturing facility in Vishakhapatnam. 

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Granules India Ltd. 
Mr. BVRK Srinivas 
AVP Formulations 
+918418255233 
srinivas.bvrk@granulesindia.com 
Granules India Limited, Plot No. 160/A & 161/E,, Gagillapur Village, Qutubullapur Mandal, RR Distric 
www.granulesindia.com 

 

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