DSCL Bharuch Expansion

completed

DSCL is a mid-tier Indian company with an annual FY07 turnover of about $620 million. For 9mFY08, its four major businesses (chlor-alkali, PVC, urea and sugar) collectively represented 73% of sales and nearly 100% of pre-tax earnings. DSCL also has smaller businesses to complement its main products, which include marketing of agri-inputs, value-added PVC products and hybrid seeds. DSCL’s chemicals facilities include a large integrated unit in Kota, Rajasthan and a stand alone chlor-alkali plant in Bharuch, Gujarat. The proposed transaction is for an IFC exposure of up to $54 million, primarily for DSCL’s ongoing expansion of its chlor-alkali capacity at Bharuch from 200 tonnes per day (tpd) to 435 tpd, modernization projects at its Kota facility and towards financing other normal capital expenditure.