Credit rating agency, CARE has assigned ‘A1’ rating to Orient Paper & Industries’ (OPIL) Commercial Paper (CP) issue worth Rs 25 crore. The rating draws support from long experience of the promoters, OPIL being part of established C.K. Birla group, strong brand name and satisfactory growth of the electrical consumer division (ECD) with wide distribution network.
The rating also factors in the improvement in the performance of paper division on account of benefits arising from the operational initiatives taken, however, the losses still continues.
Orient Paper & Industries is part of the C K Birla Group has emerged as a multi-product, multi-location company. The company manufactures and markets range of fans under the name Orient Fans. It manufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.
Company Name | CMP |
---|---|
JK Paper | 384.00 |
TN Newsprints | 249.85 |
West Coast Paper | 592.25 |
Emami Paper Mills | 110.35 |
Andhra Paper | 499.30 |
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