Credit rating agency, CARE has reaffirmed ‘BBB’ rating to DCM Shriram Industries’ long-term bank facilities. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities.
DCM Shriram is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram had transferred its PVC compounding business to Shriram Vinyl, last year.