SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE revises ratings of Andhra Cements’ bank facilities

07 Dec 2015 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Andhra Cements’ long term bank facilities worth Rs 877 crore to ‘D’ from ‘BBB-’. Further, the rating agency has also revised rating of company’s short term bank facilities worth Rs 50 crore to ‘D’ from ‘A3’. The revision in the ratings of the bank facilities of Andhra Cement (ACL) takes into account delay in servicing of debt obligations by the company due to its weak liquidity position.

Andhra Cements has cement manufacturing facilities at Dachepalli, Guntur District (Durga Cement Works) with a split grinding unit at Visakhapatnam, Andhra Pradesh (Visakha Cement Works). Jaypee Group, through Jaypee Development Corporation (JDCL, a wholly owned subsidiary of Jaypee Infra Ventures) acquired controlling stake in ACL in February 2012 from its earlier promoters, Duncan Goenka Group.

Andhra Cements Share Price

57.96 0.15 (0.26%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×