ICICI grants debt revamp package to Alufluoride

摘要

Providing a major relief to Alufluo-ride Ltd, the Vizag-based aluminium fluoride manufacturer currently suffering severe cash crunch, ICICI has sanctioned a sizeable debt-restructuring package. ICICI has agreed to reduce the interest rate to 13.5 per cent from 19.5 per cent on the loans of ICICI and SCICI and 17 per cent on IBRD loan.