MoneyWorks4Me

Sanghvi Forgings & Engineering’s lenders sanction restructuring packages

07 Apr 2014 Evaluate

Sanghvi Forgings & Engineering’s lenders have sanctioned the restructuring packages of the company. The salient feature includes - sanction of fresh term loan amounting Rs 18 crore; sanction of fresh working capital term loan amounting Rs 19.50 crore and extended moratorium on principal of existing term loans up to August 2015.

Sanghvi Forgings & Engineering is an ISO 9001:2008 Certified Indian company engaged in manufacturing of open and closed die forgings products for the oil and gas, petro-chemicals, ship building, power and other sectors. It also exports to various foreign countries over the last two decades.

Peers
Company Name CMP
Bharat Forge 1851.10
Ramkrishna Forgings 677.95
MM Forgings 525.40
Happy Forgings 1872.95
Balu Forge Inds. 476.75
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