Bhuwalka Steel Industries has received approval along with required working capital from CDR Cell and bank lender application for restructuring of its bank borrowings under Corporate Debt Restructuring (CDR).
The sanction letters from CDR Cell, Canara Bank and IDBI Bank were placed before the Board Meeting held on December 21, 2012 and were accepted by the Board.
Bhuwalka Steel Industries (BSIL) was established in 1981, and is now one of the largest manufacturers of steel rolled products in south India with plants at Bangalore, Kanchipuram and Mumbai.
