DBS Bank extends transition loan facility to Shree Renuka Sugars for replacing fossil fuel usage by scaling bioethanol production
May 11, 2022
Mumbai (Maharashtra) [India], May 11 (ANI/PRNewswire): To support India's push to double the country's ethanol distillation capacity and blend 20 per cent of ethanol in petrol by 2025, Shree Renuka Sugars Ltd (SRSL), a subsidiary of Wilmar International Ltd, Singapore and one of the largest sugar and green energy (ethanol and renewable power) producers in India, has obtained a five-year INR1.75 billion (SGD31 million) transition finance facility from DBS.