Credit rating agency, India Ratings & Research (Ind-Ra) has assigned ‘tA’ rating to Prism Cement’s term deposit programme worth Rs 200 crore fund based and ‘A1’ rating assigned to company’s short-term commercial paper programme (CP) worth Rs 50 crore .
PCL has a strong business profile with a leadership position in cement in central India as well as in Tiles, Bath and Kitchen (TBK) which together contribute over 85% to its EBITDA. The balance EBITDA share is contributed by the ready mixed concrete (RMC) business.
Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.
