ISGEC Heavy Engineering Debt & Borrowing: ₹61 Cr
Isgec Heavy Engineering Ltd issued letters of comfort for Rs. 61 Crore in favour of its subsidiary, Isgec Titan Metal Fabricators Private Limited, to support working capital.
- Value
- ₹61.00 Cr
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3 announcements
Isgec Heavy Engineering Ltd issued letters of comfort for Rs. 61 Crore in favour of its subsidiary, Isgec Titan Metal Fabricators Private Limited, to support working capital.
ISGEC Heavy Engineering issued an Rs. 8.58 Crore counter guarantee for its subsidiary, Isgec Eswatini. The guarantee supports performance bonds for the subsidiary's existing orders.
Isgec Heavy Engineering approved issuing guarantees and standby letters of credit (SBLCs) worth approximately ₹11.23 Crore (USD 1.1957 million). These will support its subsidiary, Isgec Eswatini (Proprietary) Limited, in obtaining performance bank guarantees for existing orders.