MoneyWorks4Me

HEG informs about Additional limit for issuance of Commercial Paper

10 Jul 2015 Evaluate

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.

Peers
Company Name CMP
Graphite India 842.80
HEG Advanced Materi. 251.15
Esab india 5638.05
Ador Welding 1522.50
Diffusion Engineers 449.00
View more..