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Gokak Textiles enters into loan agreement with IREDA

03 Jan 2025 Evaluate

Gokak Textiles has entered into loan agreement with Indian Renewable Energy Development Agency (IREDA) for availing term loan of Rs 220 crore. The purpose of agreement is for refinancing of the existing term loan and to avail top-up loan for repayment of unsecured loans. The company has signed the loan agreement on January 02, 2025 but is yet to receive the signed copy from IREDA. 

Gokak Textiles is a specialist and one of the largest manufacturers and exporters of grey yarn out of India. It is also recognized as quality supplier of Bamboo Textile Towels/other products and Polo T Shirts. The company is primarily engaged in the business of textile, manufacturing cotton yarn, blended yarn, industrial fabrics, terry towels, t-shirts, polos, undergarments, etc.  


Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 227.60
Arvind 539.60
Raymond Lifestyle 642.05
K.P.R. Mill 1103.45
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