Credit rating agency, India Ratings & Research (Ind-Ra) has downgraded Long Term Issuer Rating of Adhunik Industries from ‘BBB-’ to ‘D’ on account of delay in debt servicing in August, 2017 due to decline in company’s financial flexibility. The outlook is stable.
Adhunik Industries is one of the major key player among the various players in the rolling mill industry in the Durgapur region of West Bengal