Loan & Debt12 Nov 2026, 05:10 pm
CMR Green Technologies Secures ₹210 Cr from HDFC Bank, ₹274 Cr from Axis Bank
AI Summary
CMR Green Technologies Ltd has announced the sanction and enhancement of significant credit facilities. From HDFC Bank, the company has secured ₹210 Crore in aggregate credit facilities, comprising ₹170 Crore in fund-based facilities (including Cash Credit and Sales Bill Discounting) and ₹40 Crore in non-fund-based facilities (including Letter of Credit). Additionally, Axis Bank has renewed and enhanced existing working capital facilities to ₹217 Crore and sanctioned a fresh Term Loan of ₹32 Crore, bringing the total to ₹274 Crore. These facilities are expected to strengthen the company's liquidity position and support its business operations.
Key Highlights
- HDFC Bank sanctions ₹210 Cr credit facilities, including ₹170 Cr fund-based.
- Axis Bank enhances working capital to ₹217 Cr and sanctions ₹32 Cr Term Loan.
- Total credit facilities secured amount to ₹484 Crore.
- Facilities aim to bolster liquidity and support business operations.
Price Impact
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