Investment24 Jul 2025, 03:49 pm
Sangal Papers Ltd. Approves Bank Borrowings of Rs six crores for Production Capacity Enhancement
AI Summary
Sangal Papers Ltd. announced that the Board, in a meeting held on 24.07.2025, approved additional borrowings of Rs six crores from Axis Bank. This financial assistance is intended for enhancing production capacity. The funds will be used to install a 4.5 MW turbine in place of the existing 3 MW turbine, along with an Effluent Treatment Plant (ETP) and modifications to the boiler to use RDF and other miscellaneous machines.
Key Highlights
- Sangal Papers Ltd. approved additional borrowings of Rs six crores from Axis Bank
- The funds will be used to enhance production capacity
- A 4.5 MW turbine will replace the existing 3 MW turbine
- There will be modifications to the boiler to use RDF and other miscellaneous machines
- The funds will also be used to install an Effluent Treatment Plant (ETP)