Indian Bank sanctions fresh term loan of Rs. 108 crores to Pasupati Acrylon Limited for Ethanol Plant

Indian Bank has principally sanctioned Fresh Term Loan of Rs. 108 Crores for setting up of 150 KLPD Grain Based Ethanol Plant, however, the loan documents will be executed subject to acceptance of sanction letter. The remaining project cost (approx. Rs. 60 Crore) will be met by the Company's internal accruals.

Shares of PASUPATI ACRYLON LTD. was last trading in BSE at Rs. 24.57 as compared to the previous close of Rs. 23.04. The total number of shares traded during the day was 30227 in over 208 trades.

The stock hit an intraday high of Rs. 25.00 and intraday low of 23.65. The net turnover during the day was Rs. 739566.00.

Source : Equity Bulls

Keywords

PASUPATIACRYLON INE818B01023 LoanFacility Sanction IndianBank EthanolPlant GrainBased