According to the bank website, the project will "support (a) a brownfield expansion of its existing sugar plant at Hariawan (located in Hardoi district in Uttar Pradesh) by an incremental 5000 tons of cane per day (TCD); (b) an installation of a 30 MW cogeneration power plant using bagasse as fuel in Hariawan; and (c) an expansion of its distillery capacity in Ajbapur."
According to IFC, "DCM Shriram Limited is a publicly listed company on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India with revenues of approximately US$ 1.06 billion and Net Profit of approximately US$ 104 million for the financial year ended March 31, 2018. The Company had a market capitalization of approximately US$ 866 million as of February 22, 2019. The Sponsors, led by Mr. Ajay S Shriram, Mr. Vikram S Shriram and Mr. Ajit S Shriram. collectively control approximately 66% of the shares in DCM Shriram and the rest of the shareholding is widely held by institutional and other public shareholders."
DCM Shriram Limited
Mr Himanshu Bokaria
Additional General Manager
91 11 42100200
1st Floor, Kanchenjunga Building, 18 Barakhamba Road, New Delhi - 110001
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