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.