Zenith Birla (India) have entered in One Time Settlement (OTS) with Punjab National Bank (PNB) and Edelweiss Asset Reconstruction company against the credit facilities availed by the company. The company have accepted OTS proposal and committed to act as per terms of proposal. Further, strategically this OTS proposal will support financial position of the company.
Zenith Birla (India) is a leading manufacturer of Steel Pipes in India. It is at present engaged in the manufacturing of welded steel pipes (black & galvanized).