MoneyWorks4Me

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 10799.00
Ambuja Cements 363.00
ACC 1182.20
Shree Cement 21850.00
Dalmia Bharat 1689.25
View more..