Sangal Papers Secures Rs 6 Crore Term Loan for Production Capacity Enhancement
Sangal Papers Limited has obtained a Rs 6.00 crore term loan from Axis Bank for strategic upgrades. The loan will fund a turbine upgrade from 3 MW to 4.5 MW, boiler modifications for RDF use, ETP improvements, and additional equipment installation. The Board of Directors approved the borrowing on July 24, 2024, aiming to significantly enhance the company's production capacity and operational efficiency.