CARE re-affirms ratings of Shiva Cement’s bank facilities

Credit rating agency, Credit Analysis & Research (CARE) has re-affirmed ‘BBB’ rating for long term facilities of Shiva Cement and ‘A3’ for short term facilities of the company as assigned in previous year.

Shiva Cement is engaged in manufacturing of cement and allied products. Its plants are located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonnes per annum.