Credit rating agency, CARE has reaffirmed ‘A-’ rating to Surya Roshni’s long-term bank facilities worth Rs 938.50 crore and ‘A2+’ rating to the company’s short-term bank facilities worth Rs 520 crore. The rating agency has also reaffirmed ‘A1+’ (SO) rating to the company’s commercial Paper (proposed) worth Rs 50 crore.
The ratings for the bank facilities of the company continue to draw support from the experienced promoters, consistent track record of profitable operations of the company, established brand name with a well-developed nationwide marketing network and diversified product profile of the company.
Surya Roshni (SRL) is a manufacturer of Electric Resistance Welded (ERW) pipes, sold under the brand name of ‘Prakash-Surya’. SRL diversified into lighting products with the manufacturing of General Lighting Systems (GLS) and Fluorescent Tube Lamps (FTL) sold under the brand name ‘Surya’.
