Credit rating agency, CRISIL has reaffirmed rating assigned to Solar Industries’ bank loan facilities worth Rs 750 crore.
The rating agency has reaffirmed long term bank loan facilities rating at ‘AA/Positive’, and short term bank loan facilities rating at ‘A1+’. The rating agency has also reaffirmed the company’s commercial paper rating at ‘A1+’ worth Rs 50 crore.
Solar Industries (India) manufactures various explosives products, such as Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories.
