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ICRA upgrades ratings of NCL Industries’ various bank facilities

18 Aug 2015 Evaluate

Credit rating agency, ICRA has upgraded ratings of NCL Industries’ term loan of Rs 112.90 crore and working capital facilities of Rs 75 crore to ‘B+’ from ‘D’. The rating agency has also upgraded rating of the company’s non fund based limit of Rs 5 crore to ‘A4’ from ‘D’. Further, ICRA has revised rating of the company’s fixed deposit programme to ‘MB+’ from MD.

NCL Group of companies manufactures a range of building materials. The objective of the Group is ‘to provide comfortable housing at an affordable price’. The group also has interests in construction, power generation and manufacture of chemicals.

Peers
Company Name CMP
Ultratech Cement 10790.00
Ambuja Cements 348.75
ACC 1140.00
Shree Cement 22220.00
Dalmia Bharat 1631.35
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