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ICRA assigns rating to Surya Roshni’s commercial paper

30 Apr 2018 Evaluate

Credit rating agency, ICRA has assigned rating of ‘A1+ (SO)’ to Surya Roshni’s Rs 25 crore (aggregating to Rs 350 crore) Commercial Paper program on the credit enhancement in the form of stand by letter of Credit (SBLC) issued by its Bankers.

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).

Peers
Company Name CMP
JSW Steel 1274.05
Tata Steel 183.60
Steel Authority 176.60
Jindal Stainless 750.75
APL Apollo Tubes 2181.00
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