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MoneyWorks4Me

CARE assigns ratings to Kamdhenu’s bank facilities

19 Nov 2018 Evaluate

Credit rating agency, CARE Rating has assigned ratings to Kamdhenu’s bank facilities. The rating agency has assigned ‘A-’ ratings with stable outlook for long term banking facilities worth Rs 130 crore and ‘A2+’ for short term banking facilities worth Rs 20 crore.

Kamdhenu is the largest manufacturer of international quality Steel Bars in India. The product range of the company includes TMT/HSD Bars, Structural Steel, Wirebond, Plywood, PVC Pipes,etc. The company also in the business segment of Power, Steels, Paints.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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