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.
