Alok Industries has entered into facility agreements with State Bank of India for availing term loan of Rs 1,750 crore for the purpose of repayment of existing term loans from banks as a part of financial restructuring and working capital facility of Rs 90 crore for the purpose of meeting working capital requirements of the Company. The facility agreements were executed by the Company on December 6, 2023.
Alok Industries is engaged in business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.
