Bihar Tubes receives sanction from ICICI Bank for credit facilities

Bihar Tubes Ltd has announced that the Company has got sanction from ICICI Bank for the following Credit Facilities for the New Project:

Foreign Currency Term Loan: USD 2.00 Million

Term Loan: Rs 30.00 Million

Cash Credit (Hypothecation): Rs 80.00 Million

Line of Credit for Short Term Loans (as a Sub Limit of Cash Credit): Rs 50.00 Million

Export Packing Credit: Rs 30.00 Million

Limit for Derivative Transactions: Rs 12 Million

Source : Equity Bulls

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