March 3, 2020
Reliance Industries to Invest INR 5 Billion in Alok Industries
Alok Industries Limited, a textile manufacturing giant that has its roots in Mumbai and export business spread over 90 countries, faced a major setback in 2017. Failure to repay the debt of approximately INR 300 Billion to the lead lender State Bank of India, initiated insolvency proceedings against the textile giant. To make things run