Calcom Cement India Ltd II

MaturedFeb 2020

December 2015


Manufacturing related to infrastructure Manufacturing related to infrastructure

Financing partners

GuarantCo guarantee
USD 32.5 million

Total transaction amount
USD 71.20 million

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.