CARE reaffirms ratings of Mangalam Cement’s bank facilities

21 Jan 2015

Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Mangalam Cement’s long term bank facilities worth Rs 405 crore. The rating agency has also reaffirmed ‘A1+’ rating to short term bank facilities of the company.

The ratings continue to draw strength from the rich experience of the promoter, long & established track record of the group, established brand though majorly concentrated in northern region, strong marketing channel, operating efficiency arising out of backward integration, commencement of commercial operation of the expanded facility and moderate financial risk profile.

Mangalam Cement is a professionally managed and well established cement manufacturing company enjoying the confidence of consumers because of its superior quality product and excellent customer service.

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