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Adhunik Industries’ working capital account turns NPA

08 Sep 2017 Evaluate

The working capital bankers of Adhunik Industries viz. State Bank of India (SBI), Bank of India (BOI), Punjab National Bank (PNB) and Bank of Baroda (BOB) have reported the Working Capital Account of the company as Non-Performing Assets (NPA) as stated in the minutes of Joint Lender Forum (JLF) Meeting held on August 30, 2017.

Adhunik Industries is primarily involved in the manufacture of Sponge Iron, TMT Bars, Rounds and Wire Rods.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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