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

19.25 0.40 (2.12%) May 11, 18:01
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Peers
Company Name CMP
Arvind 74.80
Welspun India 93.65
PDS Multinational 714.00
Vardhman Textiles 1320.80
KPR Mill 1501.55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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