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Alok Industries receives $875mn under EPBG till date
22
Sep '15
Alok Industries, India's largest fully integrated textile company with a dominant presence in the cotton and polyester segments, has so far received $875 million under the Export Performance Bank Guarantee (EPBG) Scheme backed export advance scheme.

The company has informed the BSE that since January 13, 2015, it has received amounts totalling $875 million, with the receipt of last two advance amounts of $50 million each on September 11 and September 15, 2015.

The amount received till date under EPBG is out of the targeted $1633.33 million, equivalent to about Rs 9800 crore, the company said.

The Mumbai-based company focuses on four key aspects as part of its strategy—world class infrastructure, best-in-class technology, uncompromising quality standards and dynamic product innovation, according to its website. (RKS)

Fibre2Fashion News Desk – India

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