HIL has received an approval to borrow funds up to Rs 1000 crore, from time to time for the business of the company. The Board of Directors of the company at their meeting held on June 07, 2018, approved the same.
The Board has also given approval to make investments or to give loans or to give guarantee(ies) or to provide security(ies) to other companies or body corporates up to Rs 1000 crore.
HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present.
