Credit rating agency, CARE has upgraded rating assigned to Surya Roshni’s long term bank facilities from ‘A’ to ‘A+’, mainly on account of consistent improvement in financial risk profile, debt reduction, healthy growth in Steel Pipes & Strips Segment. Further, rating agency has reaffirmed ratings assigned to the company’s short term bank facilities to ‘A1’.
Surya Roshni is into the business of manufacturing electric resistance welded (ERW) steel pipes & lighting products, with facilities at Bahadurgarh (Haryana), Kashipur (Uttarakhand) and Malanpur (Madhya Pradesh).
