Credit rating agency, CARE has reaffirmed A+ rating to Maithan Alloys’ Long-term Bank Facilities worth Rs 50 crore which was reduced from Rs.60 crore. The rating agency has also reaffirmed A1 rating to the company’s Short-term Bank Facilities worth Rs 196 crore.
The company has received the said rating on the back of its satisfactory track record, experienced promoters, established position in the domestic ferro alloys industry, and satisfactory financial performance with comfortable gearing ratio.
Maithan Alloys manufactures various grades of ferro manganese, silico manganese and ferro silicon products. It derives 45% of revenues through exports to European and Asian countries. Maithan’s manufacturing units are located in Kalyaneshwari, West Bengal and Byrnihat, Meghalaya, with a combined ferro alloy capacity of 64 MVA, which can produce more than 115,600 MTPA.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1444.40 |
| Maithan Alloys | 1065.00 |
| Nava | 603.95 |
| Indsil Hydro Power | 40.04 |
| Shyam Century | 4.95 |
| View more.. | |
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