Bridge

Calcom Cement India Ltd II

Posted

December 2015

Sector

Manufacturing related to infrastructure

SHARE

Our portfolio - Calcom Cement India Ltd

Transaction benefits

When Calcom encountered financial difficulties in 2011/2012 and defaulted on its debts, GuarantCo partnered with FMO (then a shareholder in Calcom) to secure a sale of the project to new owners, thus rescuing the project. However, in its final stages, the project has faced cost overruns which its local lenders were not able to fund completely. GuarantCo’s involvement in the various stages of the project has been critical in ensuring its completion.

Development benefits

Calcom is building North East India’s largest cement plant. It is one of the largest private industrial employers in this remote region and a key contributor in reducing high cement prices caused by lack of local capacity.