ICRA has withdrawn the LBB+ and A4+ ratings assigned to the Rs 253.62 crore bank lines of Ruchi Strips and Alloys, as there is no amount outstanding against the rated instrument.
Ruchi Strips and Alloys (RSAL), is engaged in manufacturing and trading of Cold Rolled Coil (CRC) products. Ruchi Strips and Alloys is promoted by the Shahra family and forms part of Ruchi group of companies. Ruchi Group of Industries has interests in businesses ranging from steel to food products. The Group is involved in soya processing, edible oils, dairy products, cold rolled sheets and coils, galvanized sheets and coils.
