Corporate News     20-Mar-15
Alok Industries updates on advance received under EPBG facility
To the tune of USD 475 million
Alok Industries announced that with reference to the sanction to the Company by State Bank of India, Backbay Reclamation Branch, Nariman Point, Mumbai of, inter-alia, the facility of an Export Performance Bank Guarantee (EPBG) of up to USD 1633.33 million equivalent to about Rs. 9800 crore, that out of the aforesaid total advance and in addition to the USD 250 million received on 13 January 2015, an additional Advance amounting to USD 125 million was received on 05 February 2015 and USD 40 million has been received on 20 March 2015 by the Company's Authorised Dealer on the Company's behalf.

The Company expects a further advance of USD 60 million to come in next week thus taking the total advance received to USD 475 million.

Previous News
  Alok Industries reports consolidated net loss of Rs 226.14 crore in the June 2023 quarter
 ( Results - Announcements 20-Jul-23   07:34 )
  Alok Industries reports net loss of Rs 249 cr in Q3 FY23
 ( Hot Pursuit - 19-Jan-23   11:29 )
  Alok Industries appoints Biji Chacko as chief operating officer
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  Alok Industries enters into facility agreement with State Bank of India
 ( Corporate News - 06-Dec-23   17:37 )
  Alok Industries Ltd leads gainers in 'A' group
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  Alok Industries reports consolidated net loss of Rs 191.50 crore in the September 2022 quarter
 ( Results - Announcements 17-Oct-22   08:20 )
  Outcome of board meeting of Alok Industries
 ( Corporate News - 18-Dec-15   09:09 )
  Alok Industries corrects on profit booking
 ( Hot Pursuit - 06-Oct-15   12:46 )
  Alok Industries to convene board meeting
 ( Corporate News - 12-Jul-21   09:49 )
  Alok Inds recommends equity dividend
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