Business Update14 Jan 2024, 05:00 pm
BGR Energy Systems Limited Discloses Default on Working Capital Facilities
AI Summary
BGR Energy Systems Limited has disclosed a default on its working capital facilities of Rs.71 crore, with Bank of Baroda as the lender. The default occurred on 15/12/2023, and the company has not serviced interest since then. The total outstanding amount is Rs.4071 crore, with Rs.1569 crore being fund-based and Rs.2502 crore being non-fund based.,
Key Highlights
- Default on working capital facilities
- Bank of Baroda as the lender
- Total outstanding amount of Rs.4071 crore
- No interest serviced since 15/12/2023