Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Facor Alloys enters into OTS with Bank of India

24 Jun 2019

Facor Alloys has entered into one time settlement (OTS) with Bank of India, Visakhapatnam for settling its total outstanding dues of Rs 27.05 crore as on March 31, 2019, towards devolvement of the Standby Letter of Credit (SBLC) issued as a collateral security in favour of Bank of India, Jersey for borrowings of $10 million made by Facor Minerals (Netherlands) B.V., Netherlands, a step down first level subsidiary.

Facor Alloys engages in ferro alloys business. The company produces high carbon ferro chrome. The group's principal activity is the manufacture and selling of ferro chrome and their products are used as one of the raw materials in the production of stainless steel. 


Related Facor Alloys Ltd. Links:

Facor Alloys Share Price

6.21 0.29 (4.90%) Jul 30, 18:01
1 Year Price Chart
Peers
Company Name CMP
Maithan Alloys 1165.00
Indian Metal & Ferro 944.30
Balasore Alloys 8.83
Facor Alloys 6.21
Indsil Hydro Power 22.05
View more..
Sensex vs Facor Alloys
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback