Credit rating agency, India Ratings and Research has reaffirmed Long-Term Issuer Rating of ‘AA-’ with stable outlook to the Heidelberg Cement India. The rating indicates the high degree of safety regarding timely servicing of financial obligations and very low credit risk.
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
