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 |
---|---|
Vardhman Textiles | 287.80 |
Welspun India | 63.31 |
PDS | 339.40 |
Arvind | 85.85 |
Alok Inds | 11.12 |
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