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KLG Systel receives approval for restructuring of debts under CDR

05 Aug 2011 Evaluate

KLG Systel has received corporate debt restructuring cell’s approval for the proposal of admission of restructuring of the company’s debts under CDR mechanism. The Corporate Debt Restructuring Cell, Mumbai vide its latter dated July 22, 2011, which was received by the company on August 4,2011 not only approved the proposal but also classified the company as 'Class A' borrower.

KLG Systel is engaged in business of offering technology solutions for the different stages of the 'life cycle' of any large organisation. The company offers its services to clients namely BPCL, GAIL, IRCON International, Mazagon Dock, Tata Iron & Steel Company, Steel Authority of India, BHEL, HUL, Chambal Fertilizers, Glaxo Smithkline, Power Grid, Punj Llyod, IOCL, Nestle, Reliance Industries, Larsen & Toubro, Hindustan Construction Company and many more.

Peers
Company Name CMP
TCS 2486.15
Infosys 1275.50
HCL Tech. 1422.75
Wipro 202.20
Tech Mahindra 1432.20
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