Credit rating agency, Credit Analysis & Research (CARE) has upgraded the rating for JK Lakshmi Cement’s Long Term Banking facilities as well as the existing and the proposed NCD Issue of Rs 200 crore from the earlier assigned rating of ‘AA-‘ to ‘AA’. The rating for Short Term Bank Borrowings of Rs 350 crore and Commercial Paper Program of Rs 120 crore continues to be highest possible rating of ‘A1+’.
The ratings have been assigned based on the consistent good operating & financial performance together with strong key financial ratios and a healthy Balance Sheet.
JK Lakshmi Cement is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan and at Kalol, Gujarat.
