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MoneyWorks4Me

Punjab Chemicals & Crop Protection’s arm enters into one time settlement with SBI

07 May 2016 Evaluate

Punjab Chemicals & Crop Protection wholly owned foreign subsidiary -- SD Agchem (Europe) NV(SD Agchem) has entered into one time settlement with State Bank of India (SBI), Antwerp for settling its total dues of $ 2.66 mio in respect of the restructured facilities availed by the aforesaid subsidiary of the Company for compromise amount of $1.850 mio to be paid in installments up to December 08, 2016 on various terms and conditions.

Punjab Chemicals and Crop Protection is a chemical manufacturing company. It is involved in manufacturing agro chemicals, pharmaceuticals and industrial chemicals. Its services include contract manufacturing, pilot plant facilities, research and development support and international exhibitions. The company exports photo chemicals, specialty chemicals, fine chemicals and natural products. It is involved in manufacturing agro chemicals, pharmaceuticals and industrial chemicals. Its services include contract manufacturing, pilot plant facilities, research and development support and international exhibitions. The company exports photo chemicals, specialty chemicals, fine chemicals and natural products.

Peers
Company Name CMP
UPL 536.00
PI Industries 1735.00
Bayer CropScience 3316.50
Sharda Cropchem 685.80
Sumitomo Chem. India 328.60
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