Business Update21 Feb 2024, 10:36 pm
Apollo Micro Systems Ltd. Secures Rs. 110 Crore Term Loan from State Bank of India
AI Summary
Apollo Micro Systems Ltd. has received sanction for a term loan of Rs. 110 crores from State Bank of India for the implementation of its upcoming project in Hardware Park, Hyderabad. The company has also received renewal and enhancement of credit facilities up to February 2025.,
Key Highlights
- Rs. 110 crore term loan sanctioned from State Bank of India
- Renewal and enhancement of credit facilities up to February 2025
- Funding allocated towards the establishment of Integrated Plant for Ingenious Defence Systems (IPiDS) at Hardware Park, Hyderabad