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RDB Infrastructure And Power LtdImportant, 16-06-2026: Company Update

16-06-2026 | 05:31 pm

The board has approved two key actions. First, it will issue a Corporate Guarantee of Rs. 17.75 Crore to Axis Bank for a loan facility extended to RDB Real Estate Constructions Limited, a group company. This guarantee represents a contingent liability for the company. Second, the board sanctioned the acquisition of 1.56 acres of land in Jharsuguda, Odisha. These decisions impact the company's financial risk profile due to the guarantee and expand its asset base for future operational endeavors.

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