Alok Industries receives $250 million from SBI

14 Jan 2015 Evaluate

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.

Alok Inds Share Price

11.12 0.09 (0.82%)
29-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Vardhman Textiles 287.80
Welspun India 63.31
PDS 339.40
Arvind 85.85
Alok Inds 11.12
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