Credit rating agency, CRISIL has assigned ‘BBB+/stable’ rating to Damodar Industries’ long term bank facility and ‘A2’ rating assigned to the company’s short term bank facility. The ratings have been assigned to total bank loan facilities worth Rs 139.22 crore.
Further, the rating agency has also assigned ‘FA-/stable’ rating to the company’s fixed deposit programme worth Rs 15 crore.
Damodar Industries has a completely integrated and advanced production line for manufacturing fancy and speciality yarns. The company is engaged in spinning, draw-texturising, air-texturising, fancy doubling and yarn dyeing.
