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| Exchange Received Time 01/10/2018 16:12:54 Exchange Disseminated Time 01/10/2018 16:13:01 Time Taken 00:00:07 | Care Rating has Reaffirmed Short Term Bank Facilities rating to Care Al on the enhanced amount of Rs. 1103.32 Crore (enhanced from Rs. 1066.00 Crore) and its Long Term Bank Facilities rating to Care A+ on the enhanced amount of Rs. 1242.54 crore ( enhanced from Rs. 1193.29 crore). The ratings are reaffirmed on account of consistent track record of profitable operations and diversified product profile characterized by established brand name with an extensive nation-wide marketing network, integrated operations in the lighting businesses and healthy growth in operations post-merger of e-SGSTL with the Company.
The aforesaid ratings are based on the audited financials for the year ended 31st March, 2018 and unaudited financials for the first Quarter of the financial year 2018-19 and also taking cognizance of the commencement of production from the enhanced ERW pipe manufacturing facilities at Hindupur (A.P.) ,advance stages of execution of 3LPE coating plant at Anjar, Gujarat |
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