Credit rating agency, CARE has assigned ratings to bank facilities of ITL Industries. The credit rating agency has assigned ‘BB’ rating to Long Term Bank Facility of the company. It has also assigned ‘A4’ rating to Short Term Bank Facility of the company.
ITL Industries was established in 1986, as a commercial Tool Room to cater to the needs of local industries. It has emerged as the sole manufacturer of India’s first cent percent indigenously designed and developed High Speed Double Column Band Saw Machine to meet the growing demand.
