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CARE revises rating assigned to bank facilities of India Cements

12 May 2015 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised the rating assigned to the India Cements’ bank facilities. The credit rating agency has revised the short-term bank facilities from ‘A 1’ to ‘A2 +’.

India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.


Peers
Company Name CMP
Ultratech Cement 12098.00
Ambuja Cements 382.70
ACC 1220.10
Shree Cement 24610.00
Dalmia Bharat 1486.15
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