IOL Chemicals & Pharmaceuticals prepays term loan of Rs 9.52 crore

IOL Chemicals & Pharmaceuticals has made the pre-payment of term loan of Rs 9.52 crore due to banks in addition to scheduled repayment. The company has made the pre-payment of term loan of aggregate of Rs 107.70 crore till date (i.e. Rs 87.65 crore during the current FY and Rs 20.05 crore in Previous FY) to reduce the Term Debt, which remains at Rs 123.45 crore as on date.

IOL Chemicals & Pharmaceuticals is a leading organic chemicals manufacturer and supplier in India.