Gravita India’s step down subsidiary -- Gravita Netherlands BV has been provided 34 million Euros ESG loan from European Developmental Financial Institutions Societe De Promotion Et De Participation Pour La Cooperation Economique S.A. ‘Proparco’ and Oesterreichische Entwicklungsbank AG ‘OeEB’.
The Facility has been granted after rigorous due diligence on various Environmental, Social and Governance aspects at Gravita's manufacturing subsidiaries which showcases the company's commitment to sustainability and circular economy. 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.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
