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Alok Industries receives additional $50 million under EPBG Scheme

20 Aug 2015 Evaluate

Alok Industries has received an additional advance amounting to $50 million under the Export Performance Bank Guarantee Scheme (EPBG). Under the EPBG scheme, till date, the company has received the total export advance of $725 million out of the targeted $1,633.33 million equivalent to about Rs 9,800 crore.

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.

Peers
Company Name CMP
Vardhman Textiles 496.70
Welspun Living 215.30
Arvind 500.80
Raymond Lifestyle 500.75
K.P.R. Mill 1042.55
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