Hatsun Agro Product Ltd plans to raise up to Rs 150 crore loan

NEW DELHI: Hatsun Agro Product Ltd today said its board has approved raising up to Rs 150 crore loans from its existing bankers.

In a filing to the BSE, the company informed that the Board of Directors of the company at its meeting held today has "approved availing of loan facility through Commercial Paper Programme with the existing bankers of the Company not exceeding Rs 150 crore".

Meanwhile, Hatsun Agro's standalone profit increased to Rs 17.55 crore during the quarter ended December from Rs 12.89 crore in the year ago period. Total income from operations rose to Rs 830.98 crore from Rs 713.22 crore during the period under review.