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CARE assigns ‘A1’ rating to Orient Paper’s CP issue

08 Oct 2014 Evaluate

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.

 

Orient Paper & Inds. Share Price

19.21 0.14 (0.73%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
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