Ortel Communications to avail term loan worth Rs 10.00 crore

Ortel Communications has received its board’s approval for availing term loan of Rs 10.00 crore and additional overdraft facility upto Rs 5.00 crore from Karnataka Bank with interest rate of 13.25%.

Ortel Communications is a regional cable television and high speed broadband services provider, mainly engaged in the distribution of analog and digital cable television services, high speed broadband services & Voice over Internet Protocol (VoIP) services. Company has well presence in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and West Bengal.