Credit rating agency, CARE has reaffirmed ‘D’ rating to Pochiraju Industries’ long-term bank facilities worth Rs 44.73 crore. The rating assigned to the bank facilities of Pochiraju Industries (PIL) continues to remain constrained by the stretched liquidity position resulting in delays in debt servicing.
Pochiraju Industries is currently focusing on three business segments - Agri Business, Pharmaceuticals and Bio-Technology & Life Sciences. The organizational structure of the company is designed for effective management of multiple business, while retaining focus on each one of them.