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CARE reaffirms ‘BB+’ rating assigned to long-term bank facilities of TT

24 Mar 2012 Evaluate

Credit rating agency, CARE has reaffirmed the assigned ‘BB+’ rating to the long-term bank facilities of TT for an enhanced amount. The amount is been enhanced from Rs 154.90 crore to Rs 224.29 crore. The agency has also reaffirmed the assigned ‘A4+’ rating to the short-term bank facilities of the company amounting to Rs 186.00 crore.

Going forward, the company’s ability to improve its profitability margins in the competitive environment along with successful implementation of the ongoing project would be the key rating considerations.

TT (formerly named as Tirupati Texknit) was incorporated with facilities to manufacture knitted fabric. It gradually entered into manufacturing of raw cotton, combed cotton yarn, knitted fabric and undergarments cloth (Hosiery) at various locations in UP, Gujarat and Tamil Nadu.

T.T. Share Price

7.83 0.37 (4.96%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 133.75
Vardhman Textiles 580.60
Arvind 435.40
K.P.R. Mill 954.80
Page Industries 37326.50
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