Alok Industries receives $250 million from SBI

14 Jan 2015

Alok Industries has received an initial advance of $250 million (about Rs 1,550 crore) from State Bank of India (SBI) under the Export Performance Bank Guarantee scheme. The bank had earlier sanctioned a loan of up to $1,633.33 million (Rs 9,800 crore) to the textile major. The company is confident of receiving the balance amount of up to $1,383.33 million.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.

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Alok Inds Share Price

21.60 -0.60 (-2.70%) Sep 28, 17:25
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Peers
Company Name CMP
Arvind 32.30
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PDS Multinational 309.00
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Sensex vs Alok Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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