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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2.56 0.00 (0.00%) Nov 20, 18:01
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Arvind 48.50
PDS Multinational 315.00
Vardhman Textiles 901.35
Welspun India 53.50
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SEBI Registered: Investment Adviser - INA000013323
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