Credit rating agency, CARE has reaffirmed ‘A1+’ rating assigned to Shree Cement’s Commercial Paper worth Rs 300 crore which was enhanced from Rs 50 crore. The ratings continues to take into account Shree Cement’s (SCL’s) strong financial risk profile marked by high operating margin & zero net debt, comfortable liquidity position, on account of the high level of surplus cash, over the last few years.
Shree Cement is the leading cement manufacturing in North India. Its cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand.
