Bharat Gears (BGL) has received an approval to avail a term loan of Rs 110 crore from KKR India Financial Services. The said loan will be used for repaying some of the existing term debts, working capital requirements and capital expenditure, among others. The Finance Committee of Board of Directors at their meeting held on May 31, 2017, has approved for the same.
BGL is a gear manufacturing company. The company manufactures a wide range of gears for HCV, MCV, LCV, utility and off-highway vehicles. The products includes bevel, straight bevel and transmission gears.
