Mysore Cements becomes debt-free

Mysore Cements has become deb-free with the repayment of all term loans/debentures, along with up-to-date dues on final settlement, of four institutions/banks.

According to a release issued by Mysore Cements to the BSE today, the company has re-paid all loans to ICICI Bank, Industrial Development Bank of India and IFCI and the term loan of Federal Bank.

No further details were given about the loans repaid by the company.