India Ratings & Research upgrades ratings of Sangam India’s bank facilities

05 Oct 2015

Credit rating agency, India Ratings & Research has upgraded ratings of Sangam India’s bank facilities. The rating agency has upgraded long term rating to 'A+' from 'A-'. The rating agency has also upgraded short term rating to 'A1+' from 'A1'. The upgradation of ratings is reflective of company’s improving financials with outlook as stable.

Sangam India is among the top three producers of PV dyed yarn in India with total spindleage of 201,216 numbers. The company also has 30 million metres per annum (mmpa) ready-to-stitch fabric manufacturing capacity, a 52mmpa fabric processing capacity and 40mmpa denim fabric manufacturing capacity.

Related Sangam (India) Ltd. Links:

Sangam India Share Price

48.75 -0.25 (-0.51%) Aug 05, 12:03
1 Year Price Chart
Company Name CMP
Arvind 30.15
Welspun India 42.80
PDS Multinational 268.00
Vardhman Textiles 676.45
Garden Silk Mills 10.64
View more..
Sensex vs Sangam India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719