Alok Industries

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Alok Industries - Total results - 17
Reliance converts newly-acquired Alok Industries into PPE manufacturer, cuts costs to one-third
India

Reliance converts newly-acquired Alok Industries into PPE manufacturer, cuts costs to one-third

Reliance Industries has converted its newly acquired textiles and apparel fabrics maker Alok Industries into a PPE manufacturer, helping produce COVID-19 protective gears at one-third the cost of those imported from China.

Essar Steel resolution to boost Q3 earnings with Rs 12,000-cr recovery; step to have positive impact on economy: SBI chief
Business

Essar Steel resolution to boost Q3 earnings with Rs 12,000-cr recovery; step to have positive impact on economy: SBI chief

With the order, the apex court paved the way for ArcelorMittal's takeover of Essar Steel for Rs 42,000 crore.

NCLAT impleads SEBI as a party in plea filed by RIL in Alok Industries matter
Business

NCLAT impleads SEBI as a party in plea filed by RIL in Alok Industries matter

The National Company Law Appellate Tribunal (NCLAT) has impleaded the market regulator SEBI as a party in a petition filed by Reliance Industries Ltd, which is seeking a waiver in delisting procedure for Alok Industries

Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues
Business

Central Bank of India puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues

Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today
Business

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today

Banks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.

Insolvency and Bankruptcy Code: There are glaring problems and it isn't only about low valuations
Business

Insolvency and Bankruptcy Code: There are glaring problems and it isn't only about low valuations

Valuers have a greater role to play in asset valuation rather than in share valuation.

Insolvency and Bankruptcy: Govt plans separate legislation for registered valuers
Business

Insolvency and Bankruptcy: Govt plans separate legislation for registered valuers

proper valuers were the critical missing link in the process since most insolvency professionals were poorly equipped since it was a new area for them.

Bank officers union slams Alok Industries' lenders decision to accept offer with deep haircut of 83%
Business

Bank officers union slams Alok Industries' lenders decision to accept offer with deep haircut of 83%

Lenders to Alok Industries will have to take a deep haircut of 83% in approving RIL-JM Financial ARC's resolution plan to take over the bankrupted company

Majority of lenders to debt-ridden Alok Industries approve sale of textile firm to RIL
Business

Majority of lenders to debt-ridden Alok Industries approve sale of textile firm to RIL

The consortium of lenders, led by SBI, is claiming dues of over Rs 23,000 crore from Alok Industries.

Plans to revive ABG Shipyard, Alok Industries and Lanco could fail; lenders might liquidate firms
Business

Plans to revive ABG Shipyard, Alok Industries and Lanco could fail; lenders might liquidate firms

Plans to revive ABG Shipyard, Alok Industries and Lanco could fail, despite that fact that Alok received a bid from Reliance Industries (RIL).

Reliance Industries, JM Financial bid to acquire textile manufacturer Alok Industries rejected
Business

Reliance Industries, JM Financial bid to acquire textile manufacturer Alok Industries rejected

Reliance Industries (RIL) had bid jointly with JM Financial to acquire the debt ridden textile manufacturer Alok Industries Ltd

RIL, JM Financial bid jointly for debt ridden textile manufacturer Alok Industries
Business

RIL, JM Financial bid jointly for debt ridden textile manufacturer Alok Industries

Reliance Industries Ltd (RIL) said on Thursday that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the debt ridden textile manufacturer Alok Industries

Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challenges
Business

Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challenges

Intention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy

NPA problem: Bankers meet begins today, to decide on large loan defaulters
Business

NPA problem: Bankers meet begins today, to decide on large loan defaulters

The first set of six troubled accounts are Bhushan Steel (Rs 44,478 cr), Essar Steel (Rs 37,284 cr), Bhusan Power and Steel (Rs 37,248 cr), Alok Industries (Rs 22,075 cr), Amtek Auto (Rs 14,074 cr) and Monnet Ispat (Rs 12,115 cr), a banker said.

NPA crackdown: Read here for financial details of these 12 big loan defaulters likely to go for bankruptcy
Business

NPA crackdown: Read here for financial details of these 12 big loan defaulters likely to go for bankruptcy

Monnet Ispat had a debt of over Rs 10,000 crore while its net worth turned negative to Rs 1,602 crore in FY17

Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to Reuters
Business

Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to Reuters

The RBI has yet to officially name any of the 12 companies, which account for about 2 trillion rupees ($31 billion) of India's non-performing loans, or roughly 25 percent of all the country's bad loans.

"IT Has Deep Penetration At Alok Industries"
Biztech

"IT Has Deep Penetration At Alok Industries"

Alok Industries has implemented SAP and Oracle Log Shipping in 2007 and is planning to deploy BI and APO Solution in the next fiscal.