Credit rating agency, CRISIL has reaffirmed ratings assigned to Solar Industries’ bank facilities amounting to Rs 750 crore. The credit rating agency has reaffirmed ‘AA/Positive’ rating assigned to company’s long term bank facility, ‘A1+’ for the short-term bank facility and ‘A1+’ for commercial paper .
Solar Industries India manufactures various explosives products, such as Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories.