Shelter Infra Projects has received One Time Settlement (OTS) proposal from State Bank of India (SBI) on September 20, 2017 against the Credit Facilities availed by the company. As per terms of OTS, the company has to pay aggregate amount of Rs 15.42 crore against the Ledger Outstanding Rs 22.02 crore (excluding accrued interest from the Date of NPA) as on March 31, 2017.
The company has accepted OTS proposal and committed to act as per terms of proposal. This OTS proposal will strategically support financial position of company.
Shelter Infra Projects is a construction company. The company offers design and construction services in civil, mechanical, and electrical engineering projects.
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