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Fitch Ratings assign ‘BBB’ grade to Richa Industries

03 May 2012 Evaluate

Credit rating agency, Fitch Ratings has assigned ‘BBB’ grade to Richa Industries in National Bank Loan Ratings.

Last year in May, the company had received an approval to expand the existing production capacity of Pre Engineered Buildings (PEB) by 1250 tons per month at Kashipur, Uttarakhand.

Richa Industries is engaged in manufacturing of knitted fabric, dyeing processing and finishing of organic cotton and man-made fibre fabric. It also manufactures garments for the domestic and export markets.

Peers
Company Name CMP
Vardhman Textiles 511.90
Welspun Living 211.90
Arvind 494.75
Raymond Lifestyle 554.70
K.P.R. Mill 1030.30
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