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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 Industries Share Price

12.46 -0.32 (-2.50%)
08-Jul-2026 15:32 View Price Chart
Peers
Company Name CMP
Welspun Living 163.85
Vardhman Textiles 626.05
Arvind 522.60
K.P.R. Mill 1147.95
Raymond Lifestyle 735.00
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