Zuari Agro Chemicals has entered into an agreement for availment of Term loan with RBL Bank (formerly known as The Ratnakar Bank) towards Capex/reimbursement for normal Capex, renovation/up gradation of the Goa Plant & Long term working capital requirements of the company amounting to Rs 160 crore, which would be taken in one or more tranches. Further, RBL Bank is neither a promoter nor a Related Party to the company.
Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.
