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CARE reaffirms rating of GTN Textiles’ bank facilities

19 Dec 2012 Evaluate

Credit rating agency, CARE has revised ‘BB-‘ratings of GTN Textiles’ Long- term bank facilities worth Rs 55.06 crore which was reduced from Rs 61.06 crore to ‘BB’.

The rating agency has also reaffirmed A4 rating to the company’s Short-term Bank Facilities worth Rs 71.00 crore.

The company has received the said rating on the back of its experienced promoters in the textile industry, a well-experienced management team and the ability of the company to derive sales growth through mix of export and domestic sales.

GTN Industries is having vertically integrated manufacturing set-up to produce fine and superfine cotton yarns, grey knitted fabrics, gassed fabrics, organic fabrics, mercerized fabrics and life style garments. Its Double Mercerized Cotton offers a unique One Stop Shop to those looking for an operationally strong and reliable source.

GTN Textiles Share Price

9.80 0.00 (0.00%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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