The Hindu Business Line : Suryalakshmi Cotton gets IDBI term loan

SURYALAKSHMI Cotton Mills Ltd has informed the BSE that Industrial Development Bank of India has sanctioned a rupee term loan of Rs 70 crore under technology upgradation fund scheme.

The loan is to part-finance the creation of additional 25,056 spindles at Amanagallu in Andhra Pradesh, expansion of denim capacity from 30 million metres to 40 million metres and creation of captive ring spinning capacity of 25 tonnes at Ramtek in Maharashtra.

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