CARE reaffirms rating of JK Lakshmi Cement’s bank facilities

21 Nov 2012

Credit rating agency, CARE has reaffirmed A1+ rating to Short-term Bank Facilities worth Rs 200.00 which was enhanced from 100.00 crore of JK Lakshmi Cement.

The company has received the said rating 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 H1 FY13.

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.

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