Ecoboard Industries Secures ₹15 Crore Banking Facility from Indian Overseas Bank
Published on: March 31, 2026, 5:59 p.m. | Source: scanx.trade
Ecoboard Industries Limited has secured new banking facilities totaling ₹15 crore from Indian Overseas Bank, comprising ₹10 crore cash credit and ₹5 crore bank guarantee facility for working capital and operational funding. The company has simultaneously closed all existing facilities with Union Bank of India worth ₹3.98 crore with no outstanding dues. The new facilities are secured through registered mortgage of company land and hypothecation of current assets, representing a strategic consolidation of banking relationships.
