Isgec Heavy Engineering has issued a Standby Letter of Credit (SBLC) amounting to CAD 2 million for its wholly owned subsidiary, Eagle Press & Equipment Co. Ltd., Canada.
The issuance, dated 16 March 2026, is in favour of the Royal Bank of Canada to secure an additional working capital loan facility for Eagle Press. This move follows the prior approval by Isgec‘s Board of Directors on 13 November 2025. The SBLC aims to bolster the subsidiary’s financial capabilities without altering any other previously disclosed information.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.