Home / BUSINESS / GNA Axles’ to avail term loan of Rs 60 crore from Central Bank of India

GNA Axles’ to avail term loan of Rs 60 crore from Central Bank of India

GNA Axles’ board has approved the proposal to avail a term loan of Rs 60 crore for purchase of machinery from Central Bank of India. The Legal, Banking and Finance Committee of the Board of Directors of the company, in its meeting held on October 16, 2018 has considered and approved the same.

GNA Axles is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. The company is mainly engaged in manufactures and sells auto components for the four-wheeler industry.

Please share this news