10 Corporate Firms Under Huge Debt In India
8. Murli Industries and Exports Limited
Murli Industries are into production and marketing of agriculture based and paper based products like edible oil, soya cakes, cream wove, copier and many more. They were declared as a Public limited entity in 1993 and the company had set up their first paper plant in 1997. They achieved an outstanding position in the corporate world in a very short span. But in the meanwhile, the company went under debt and their loan amount was around
884 crore.
9. Kemrock Industries and Exports
Kemrock Industries is a Gujarat based company which was established in 1981 with facilities for manufacturing composite materials that are fibre-reinforced. Renewable energy, chemical processing, aerospace, railways and waste management are some of the main segments focused by this company. The loan amount that needs to be repaid is around
929 crore.
10. Orchid Chemicals and Pharmaceuticals Limited
Orchid Chemicals and Pharmaceuticals is a Chennai based company founded in 1992. They are in to the production of pharmaceutical ingredients like penicillin and carbapenems. The firm was also considered among the Fortune 500 companies but after attaining this much, the company at the backend had an amount of
938 crore needed to be repaid to the bank.
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