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Mukand executes loan agreements for availing promoter backed unsecured loans

15 Jul 2022 Evaluate

Mukand has executed loan agreements with bank on July 14, 2022, for availing a promoter backed unsecured loans as term loan / working capital loan at competitive rates of interest of an amount aggregating to Rs 400 crore. The aforesaid loans will be utilized for refinancing existing high cost borrowings of the Company and for general business purposes.

Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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