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Surana Industries receives final approval for its Debt Restructuring

22 Mar 2014 Evaluate

Surana Industries has accepted the final letter of approval (LOA) dated March 13, 2013, issued by Corporate Debt Restructuring Empowered Group (CDR EG) approving the Corporate Debt Restructuring proposal submitted by the company. The board of directors at its meeting held on March 21, 2014 has approved for the same.

The board of directors of the company passed necessary resolutions for the implementation of the approved Corporate Debt Restructuring scheme.

Surana Industries is one of the major TMT (thermo mechanically treated) bars manufacturer located in Chennai and sourced Eurotherm DEL India to modernize their plant located at Gummidipoondi around 45KM from Chennai.

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