JK Tyre gains IFC sustainability-linked loan
World Bank Group subsidiary International Finance Corporation (IFC) has sanctioned a US$100 million Sustainability-Linked Loan (SLL) to JK Tyre. The funding will support the expansion of tyre manufacturing capacity, focusing on passenger car radial tyres at JK Tyre’s Banmore plant in Madhya Pradesh and truck and bus radial tyres at CIL’s Laksar plant in Uttarakhand. IFC views this as an initiative that will promote energy-efficient tyre production, strengthen local supply chains, and create jobs.