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Alok Industries executes agreement with ECL Finance

03 Oct 2017 Evaluate

Alok Industries has executed an agreement with ECL Finance for interim financing for an amount up to Rs 150 crore. This step has been taken by the company pursuant to an approval provided by the Committee of Creditors.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.


Peers
Company Name CMP
Vardhman Textiles 547.45
Welspun Living 202.25
Arvind 549.45
Raymond Lifestyle 672.05
K.P.R. Mill 1119.85
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