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Sutlej Textiles and Industries issues CP worth Rs 25 crore

21 Oct 2014

Sutlej Textiles and Industries (STIL), a leading manufacturer of value added dyed yarns - synthetic, cotton mélange, & home textiles, has issued Commercial Papers (CP) worth Rs 25 crore. The CP issue has been rated ‘A1+’ by Credit Analysis & Research (CARE). Instruments with the aforesaid rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

The rating derives strength from the experience of the promoters in the Textile industry (especially the dyed yarn segment) and business profile being amongst India's leading player in the dyed spun yarn and value added/speciality yarn.

Sutlej Textiles and Industries has 260,872 spindles for spinning yarn, six million metres a year for apparel fabrics, 1.6 million trousers a year and 3 million metres a year for home textiles fabric. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.

Related Sutlej Textiles And Industries Ltd. Links:

Sutlej Textiles&Inds Share Price

65.80 0.50 (0.77%) Oct 21, 18:01
1 Year Price Chart
Peers
Company Name CMP
Trident 38.65
Filatex India 110.95
Nahar Spinning Mills 465.45
Sutlej Textiles&Inds 65.80
Nitin Spinners 221.70
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Sensex vs Sutlej Textiles&Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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