Corporate News 06-Jul-15
Alok Industries recieves additional export advance of USD 200 million
Receives USD 675 million under EPBG scheme out of the targetted USD 1633.33 million
Alok Industries announced that the Company has received an additional advance amounting to USD 200 million on 01 July 2015 under the Export Performance Bank Guarantee Scheme (EPBG) backed export advance scheme out of the targeted USD 1633.33 million equivalent to about Rs. 9800 crore. The Company has already received an advance of USD 60 million in two tranches in end March 2015 and April 2015, thus taking the total export advance to USD 675 million received by the Authorized Dealer on the Company's behalf.
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