Credit rating agency, CARE has reaffirmed AA- rating to JK Lakshmi Cement’s long term bank facilities worth Rs 1503.62 crore. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities worth Rs 100 crore.
The company has received the said ratings on the back of its experienced promoters and strong brand image, particularly in the Northern India market, comfortable liquidity and solvency profile as well as improved operational and financial performance in FY12 and Q1FY13.
The company is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan, with an installed capacity of 4.2 million tonnes per annum (mtpa), and at Kalol, Gujarat, with an installed capacity of 0.55 mtpa as on March 31, 2012.
