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ICRA reaffirms long term rating of Torrent Cables to ‘A+/Stable’

24 Aug 2012 Evaluate

Credit rating agency, ICRA has reaffirmed the long term rating of Torrent Cables to ‘A+/Stable’. The rating agency has also reaffirmed the short term rating of the company to ‘A1+/Stable’. Besides, the company has also been assigned credit rating of ‘A+/stable’ for its long term line of credit.

The credit rating agency has rated the total bank credit facilities amounting to Rs 99 crore, which has been enhanced from Rs 62 crore.

Torrent Cables is one of the market leaders in HT Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables. It has maintained its competitive edge, while operating in a market segment that includes SEBs, Utilities, EPCs, Government/Semi-Government/Private Companies.

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