Credit rating agency, CARE has revised ratings assigned to Bajaj Hindusthan Sugar’s Long term Bank Facilities from ‘BB’ to ‘BB+’ worth Rs 8780.58 crore and ‘A4’ from ‘A4+’ rating assigned to company’s Short term Bank Facilities worth Rs 329.04 crore. Total bank loan facilities worth Rs. 9109.62 crore.
Bajaj Hindusthan is engaged in the manufacture of sugar. The company is India’s largest ethanol producer and the pioneer of India’s fuel ethanol programme. They also generate power from the bagasse produced in their sugar mills. As well as produces environment-friendly Medium Density Fibre Boards (MDF) and Particle Boards (PB), both from their bagasse waste.
