Indo Tech plans to borrow Rs 10 crore for working capital requirements

Indo Tech Transformers Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 532717 | NSE: INDOTECH

13 Dec 2012 Evaluate

Indo Tech Transformers has sought for board approval for borrowings from Bank of America NA, to the extent of Rs 10 crore for working capital requirements. The board meeting was held on December 12, 2012 for the same.

Indo Tech Transformers is a prominent player in the transformer market in India, manufacturing power and distribution transformers up to 100 MVA/220 KV. The company is having four manufacturing facilities spread between Palakkad in Kerala, Thirumazhisai & Kancheepuram in Chennai, Tamil Nadu.

Peers

Company Name	CMP
Waaree Energies	2503.95
Apar Industries	17070.25
Havells India	1091.95
Suzlon Energy	42.13
Siemens	3748.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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