CARE Ratings has upgraded the credit rating of Pasupati Acrylon’s bank facilities. The rating agency has upgraded the company’s long term bank facilities worth Rs 15 crore to ‘BBB+/ Stable’ from ‘BBB/Stable’ and short term bank facilities worth Rs 235 crore to ‘A2’ from ‘A3+’.
Being a technology leader, Pasupati Acrylon has rapidly changed the scenario. Through intensive, customer-oriented research, score of new uses have been found for acrylic fibre.