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A2Z Infra Engineering gets nod for OTS with Standard Chartered Bank

26 Feb 2018

A2Z Infra Engineering has received an approval for One Time Settlement (OTS) with Standard Chartered Bank towards debt settlement of Rs 344.93 crore, for a total consideration of Rs 120 crore and allotment of shares to the bank. The board of directors at its meeting held on February 23, 2018 has approved for the same.

A2Z Infra Engineering (previously known as A2Z Maintenance & Engineering Services) is primarily engaged in providing Engineering, Procurement and Construction (EPC) services in power transmission and distribution sector with focus on distribution.

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