Pradeep Metals has informed that the Board of Directors of the Company at its meeting held on February 07, 2015, has approved raising of Term Loans of Rs. 4.80 Crores and Rs. 10.5 Crores for partly financing its Capex Program (Rs. 6.4 Crores) and installation of Captive 2.1 MW Wind Mill (Rs. 14.00 Crores), respectively.
The above information is a part of company’s filings submitted to BSE.