Quick Facts

Where the impacts of the investment may be experienced.
  • India
  • Nigeria
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
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.
Board Decision Date: 2016-03-29
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.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2018-03-15
Disclosure Date: 2016-01-06
Olam II WC Loan

Project Description

This project finances working capital and capital expenditure in four different projects: Hermarus Sugar Mill Industries in India, Spices Processing Facility in India, a Crown Flour Mill plant in Nigeria and Sesame processing plant in Nigeria. 

Investment Description
Contact Information

Mr. Jayant S. Parande
President and Global Head – Treasury & IR, and Group Treasurer
9 Temasek Boulevard, #11-02 Suntec Tower Two
Singapore 038989
Telephone: +65 6339 4100
Fax: +65 6339 9217
Email: mailto:jayant@olamnet.com


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Bank Documents