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.
| Company Name | CMP |
|---|---|
| Welspun Living | 163.85 |
| Vardhman Textiles | 626.05 |
| Arvind | 522.60 |
| K.P.R. Mill | 1147.95 |
| Raymond Lifestyle | 735.00 |
| View more.. | |
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