Super Iron Foundry Ltd — Important, 06-12-2025: Company Update
06-12-2025 | 05:45 pm
06-12-2025 | 05:45 pm
Super Iron Foundry Ltd. has transitioned to a multiple banking arrangement with UCO Bank, securing Rs 54.80 Cr in working capital and other limits. This strategic move replaces its prior consortium banking agreement and is anticipated to reduce finance costs. The new facility is secured by corporate and personal guarantees, alongside the company's current and fixed assets, providing enhanced financial flexibility for operations.
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