Credit rating agency, Credit Analysis & Research (CARE) has reviewed the credit rating assigned to Shiva Cement and has reaffirmed the ratings on December 19, 2012. The rating agency has reaffirmed ‘BBB’ rating to the long-term bank facilities of the company for amount worth Rs 185.00 crore.
Besides, the rating agency has also reaffirmed ‘A3’ rating to the short-term bank facilities of the company for amount worth Rs 1.50 crore.
Shiva Cement is engaged in manufacturing of cement and allied products. Its plants are located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonnes per annum.
