Loan & Debt4 Jul 2026, 12:00 pm
Super Iron Foundry Avails ₹20.71 Cr ECLGS 5.0 Credit
AI Summary
Super Iron Foundry Ltd has secured credit facilities totaling ₹20.71 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The company has obtained a loan of ₹9.71 crore from UCO Bank and ₹11 crore from Bank of India. These funds are intended to meet the company's working capital requirements. The loan from UCO Bank is a secured facility for a term of 60 months, with a charge on specific company property as collateral. This move aims to bolster the company's operational liquidity.
Key Highlights
- Super Iron Foundry secures ₹20.71 Cr in ECLGS 5.0 credit.
- Funds from UCO Bank (₹9.71 Cr) and Bank of India (₹11 Cr).
- Credit facilities to support working capital needs.
- UCO Bank loan is secured for a 60-month term.
Price Impact
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