With reference to the earlier letter dated May 19, 2015, HEG has now informed that India Rating & Research (Ind-Ra) has assigned IND A1+ rating for HEG’s additional INR 500 Million Commercial Paper programme. With this the total limit for Commercial Paper stands revised to INR 1500 Million on a rating of INP Al+.The aforesaid additional limit for issuance of Commercial Paper shall also be used to fund the working capital requirements.
The above information is a part of company’s filings submitted to BSE.
