SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ortel Communications to avail additional term loan of Rs 25 crore

29 Jun 2015 Evaluate

Ortel Communications has received an approval for availing additional term loan of Rs 25.00 crore consisting of Rs 10.00 crore from Karnataka Bank and Rs 15.00 crore from UCO Bank to part finance the capex requirement for expansion of its Network and growth in RGUs. This will be in addition to the funds already raised through Initial Public Offer (IPO) of the company. The board of directors at their meeting held on June 27, 2015 has approved for the same.

The board also approved enhancement of overdraft limit with Karnataka Bank from existing limit of Rs 10.00 crore to Rs 15.00 crore and also enhancement of existing Bank guarantee limit of Rs 3.00 crore to Rs 8.00 crore with LC sub limit of Rs 1.00 crore to meet the day to day working capital requirement of the company.

Ortel Communications is a leading cable television and high speed broadband services provider focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and West Bengal.



Ortel Communications Share Price

1.70 0.03 (1.80%)
07-May-2026 10:14 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×