CMR Green Technologies Limited
1. Sanction of Credit Facilities from HDFC Bank Limited
- Lender: HDFC Bank Limited
- Nature of Facility: Credit Facilities
- Total Sanctioned Limit: ₹210 crore
Fund-Based Facilities (₹170 crore)
- Cash Credit (CC) - Secured: ₹50.00 crore
- Working Capital Demand Loan (WCDL) sublimit: ₹50.00 crore (within CC limit)
- Sales Bill Discounting - Secured: ₹120.00 crore
- Sales Invoice Financing sublimit: ₹120.00 crore (within Sales Bill Discounting)
- SBLC under Sales Bill Discounting sublimit: ₹60.00 crore (within Sales Bill Discounting)
- SBLC for Company's own Letter of Credit towards Buyers' Credit through GIFT City/Foreign Branch sublimit: ₹60.00 crore (within Sales Bill Discounting)
Non-Fund-Based Facilities (₹40 crore)
- Letter of Credit (LC) - Secured: ₹40.00 crore
- SBLC for Buyers' Credit Issuance sublimit: ₹40.00 crore (within LC)
- Bank Guarantee (BG) sublimit: ₹6.00 crore (within LC)
2. Enhancement of Credit Facilities from Axis Bank Limited
- Lender: Axis Bank Limited
- Nature of Facility: Working Capital Credit Facilities and Term Loan
- Total Enhanced Limit: ₹274 crore (increased from previous ₹192 crore)
Working Capital Facilities (₹217 crore)
- Cash Credit (CC) and sublimit: Enhanced from ₹52.00 crore to ₹102.00 crore
- Sales invoice discounting: Maintained at ₹40.00 crore
- Total Fund-Based Facilities: ₹142.00 crore (increased from ₹92.00 crore)
- Letter of Credit (LC) and sublimit: Maintained at ₹75.00 crore
- Total Non-Fund-Based Facilities: ₹75.00 crore (unchanged)
Additional Facilities
- Term Loan: New sanction of ₹32.00 crore (previously nil)
- Loan Equivalent Risk (LER)-1 Secured: Maintained at ₹5.00 crore
- Loan Equivalent Risk (LER)-2 Unsecured: Maintained at ₹20.00 crore
- Total Other Facilities: ₹25.00 crore (unchanged)
Purpose and Impact
Both credit facilities are intended to strengthen the Company's liquidity position, support working capital requirements, and facilitate the smooth conduct of business operations.