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ICRA upgrades rating assigned to V-Guard Industries’ bank facilities

30 Mar 2018 Evaluate

Credit rating agency, ICRA has upgraded the long term rating for Rs 344.87 crore Line of Credit (LOC) of V-Guard Industries to ‘AA’ from ‘AA-’. The outlook on the long term rating has been revised to stable from positive. The aforesaid rating is valid until March 22, 2019.

V-Guard industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.
 

Peers
Company Name CMP
Waaree Energies 2565.00
Apar Industries 14358.85
Havells India 1170.00
Suzlon Energy 38.81
Siemens 3649.00
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