Super Iron Foundry Secures Major Working Capital Loans from UCO Bank and Bank of India
Super Iron Foundry Ltd., formerly known as Super Iron Foundry Pvt. Ltd., has secured two substantial loan agreements to meet its working capital requirements, finalizing transactions with both UCO Bank and Bank of India.The company formalized a credit facility agreement with UCO Bank for ₹ 9,71,00,000 (Rupees Nine Crore Seventy-One lakh only). This secured loan is intended for meeting the working capital needs of the company and was executed on July 04, 2026. The facility includes a charge on property located at Mouza Sarpi, JL No. 36 & Jhanjra JL No. 34, PO Laudoha, PS Faridpur under Laudoha gram panchayat at Durgapur, Burdwan.
Additionally, Super Iron Foundry Ltd. secured a Working Capital Term Loan from Bank of India amounting to ₹ 11,00,00,000 (Rupees Eleven Crore only). Similar to the UCO Bank facility, this loan was executed on July 04, 2026, and is also secured by a charge on the same property located at Mouza Sarpi, JL No. 36 & Jhanjra JL No. 34, PO Laudoha, PS Faridpur under Laudoha gram panchayat at Durgapur, Burdwan.
The details of these agreements highlight that both loans are secured for a term of 60 months and serve the purpose of meeting general working capital requirements for the company.
Key financial details regarding the secured credit facilities are summarized below:
| Lender | Loan Purpose | Total Amount | Execution Date | Term | Security Details |
|---|---|---|---|---|---|
| UCO Bank | Working Capital Requirements | ₹ 9,71,00,000 | July 04, 2026 | 60 months | Charge on Property at Mouza Sarpi, JL No. 36 & Jhanjra JL No. 34, PO Laudoha, PS Faridpur, Durgapur, Burdwan |
| Bank of India | Working Capital Requirements | ₹ 11,00,00,000 | July 04, 2026 | 60 months | Charge on Property at Mouza Sarpi, JL No. 36 & Jhanjra JL No. 34, PO Laudoha, PS Faridpur, Durgapur, Burdwan |
Stock Price Movement
Finishing the trading day, Super Iron Foundry Ltd settled at ₹43.00 on Friday, edging higher by 0.58%. The shares saw no volatility throughout the session, as the intraday high and low remained locked completely flat at ₹43.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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