Vikas WSP pays Rs 19.76 crore to PNB

06 Jan 2020 Evaluate

Vikas WSP has paid a sum of Rs 19.76 crore on December 31, 2019 to Punjab National Bank (PNB) leaving behind an unpaid amount of Rs 5.09 crore only and the company has informed PNB that the pending amount to the tune of Rs 5.09 crore along with accrued interest whatsoever, would be paid by March 31, 2020. Similarly, the company has submitted its proposals for acceptance of one time settlement (OTS) to Union Bank of India and Bank of India and asked them to furnish their terms for payment of the entire NPA dues.

The company has been availing credit facilities in a consortium of banks i.e. Punjab National Bank (NPA worth Rs 24.84 crore), Union Bank of India (NPA worth Rs 46.57 crore) and Bank of India (NPA worth Rs 49.71 crore).

Vikas WSP is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products.

Vikas WSP Share Price

1.31 0.00 (0.00%)
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Peers
Company Name CMP
Tata Chemicals 1080.60
SRF 2557.55
Pidilite Inds. 3024.00
Aarti Inds 664.90
Gujarat Fluorochemic 3097.40
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