Lines of credit and Bank finance

SIL by virtue of its impeccable track record of repayment of term loans and other payment obligations to the banks and financial institutions, have been credited with adequate long-term and short-term loans to meet the financing obligations of the company. Lines of credit bank wise, vis-à-vis the outstanding position as on 30th June 2013 is as under:

These lines of credit, with different terms but at reasonable interest costs (which costs qualify for tax deductions), are adequate to the present needs of the SIL.

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