Credit rating agency, Credit Analysis & Research (CARE) has assigned ‘A+’ rating to the Alok Industries’ proposed long term non-convertible debentures (NCDs) issue aggregating to Rs 500 crore. The proposed NCDs would have tenure of more than one year and up to eight years.
Alok Industries has evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.
