Credit rating agency, CARE has reaffirmed ‘A+’ rating assigned to Maithan Alloys’ long term bank facilities worth Rs 174.76 crore and ‘A1+’ rating assigned to company’s Short term Bank Facilities worth Rs 315 crore. The aforesaid ratings assigned to Maithan Alloys (MAL) continues to draws comfort from experienced promoters with satisfactory track record, wide geographical presence of the plant, established and reputed clientele, strong presence in the export market and high capacity utilization. The rating also takes into account the improvement in financial performance in FY16 and Q1FY17 in view of merger of 100% wholly owned subsidiary (Anjaney Alloys) with itself and comfortable capital structure.
Maithan Alloys is engaged in the manufacturing of ferro alloys, having an installed capacity of 136 MVA at three locations i.e. 49 MVA at Kalyaneshwari, West Bengal and 15 MVA at Ri-Bhoi, Meghalaya and 72 MVA at Visakhapatnam, Andhra Pradesh. MAL is also engaged in the trading of metal & mineral products and wind power operation.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1550.10 |
| Maithan Alloys | 1010.65 |
| Nava | 686.80 |
| Indsil Hydro Power | 41.50 |
| Shyam Century | 5.67 |
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