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CARE assigns rating to Pochiraju Industries’ Long-term bank facilities

28 Jul 2014 Evaluate

Credit rating agency, CARE has assigned ‘BB’ rating to Pochiraju Industries’ long term bank facilities worth Rs 44.73 crore. The rating assigned is constrained by the concentrated revenue stream, volatility in the new business segment of Biopharma, fluctuating input prices, project implementation risk, constrained liquidity position with internal accruals diverted towards capex and working capital intensive nature of operation.

Pochiraju Industries is currently focusing on three business segments – Agri Business, Pharmaceuticals and Bio-Technology & Life Sciences. The organizational structure of the company is designed for effective management of multiple business, while retaining focus on each one of them.

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