Credit rating agency, CARE has reaffirmed AA- rating to Aditya Birla Chemicals (India)’s long-term bank facilities worth Rs 789.76 crore, which was enhanced from Rs 197.80 crore. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities worth Rs 45.00 crore which was enhanced from Rs 15.00 crore
The company has received the said rating reaffirmation on the back of its experienced management, leading position in the chlor-alkali industry in the Eastern region of India, significant visibility regarding off-take given group’s internal demand for caustic soda, integrated operations and diversified end-user industries, competitive cost structure leading to healthy operating profit margins and stable outlook for caustic soda industry.
Aditya Birla Chemicals (India) is one of the leading chlor-alkali manufacturing companies in India and is part of the chemicals business of the Aditya Birla group.
