Credit rating agency, ICRA has revised rating of NCL industries’ Term Loans of Rs 112.90 crore and Working Capital facilities of 75.00 crore to ‘BB+’ from ‘B+’. The rating agency has also revised the rating of company’s Non fund based limits of Rs 5.00 crore to ‘A4+’ from ‘A4’.
NCL Industries is an India-based company engaged in manufacturing cement. The Company operates through segments, including Cement, Boards, Prefab structures, Hydel Power and Ready-Mix Concrete (RMC).
