Credit rating agency, CARE has reaffirmed rating assigned to Integrated Thermoplastics’ long-term bank facilities worth Rs 14.50 crore to ‘D’. The credit rating agency has also reaffirmed rating assigned to the company’s short-term bank facilities worth Rs 6.50 crore to ‘D’. The ratings continue to remain constrained by the stretched liquidity position resulting in delays in debt servicing.
Integrated Thermoplastics is engaged in the manufacturing of fabricate Polyvinyl Chloride (PVC) pipes and fittings, tubes, bends etc, with an installed capacity of 15,000 MTPA at its facilities located at Medak District (Telangana).
