On 23.09.2022, Hariom Pipe Industries Limited has received a sanction Letter dated 22.09.2022 by Canara Bank. It is for enhancement of its working capital limits from Rs. 49.50 Crores to Rs. 149.50 Crores and a fresh term loan of Rs. 94.02 Crores for implementation of cold rolled steel mill and galvanized pipe mill projects.
The Company is in the process of further negotiation with the bankers.