ALOK INDUSTRIES LTD. - Updates

With reference to the earlier letter dated October 01, 2014 informing about the sanction to the Company by State Bank of India, Backbay Reclamation Branch, Nariman Point, Mumbai of, inter-alia, the facility of an Export Performance Bank Guarantee (EPBG) of up to USD 1633.33 million equivalent to about Rs. 9800 crores, In this regard, Alok Industries Ltd <BR>has now informed BSE that out of the aforesaid total advance, an Initial Advance amounting to USD 250 million has been received on January 13, 2015 by the Company's Authorized Dealer on the Company's behalf. The Company is confident of receiving the balance advance amount of up to USD 1383.33 million in regular tranches in the near future.