Credit rating agency, CARE has reaffirmed ‘A’ rating to KCP Sugar & Industries Corporation’s long term bank facilities worth Rs 57 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short term bank facilities worth Rs 4.50 crore. Further, CARE has assigned ‘A’ rating to the company’s fixed deposit programme.
KCP Sugar & Industries Corporation is engaged in business of manufacturing and marketing of Sugar and Bio-products. The company’s manufacturing facilities are located at Vuyyuru and Lakshmipuram. Company’s Vuyyuru Unit is engaged in manufacturing sugar, Bio-Ethanol of 50 KLPD and has a power generation capacity of 15MV per day.
