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CARE reaffirms ‘BBB’ rating to long-term bank facilities of Shiva Cement

20 Dec 2012 Evaluate

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.

Peers
Company Name CMP
Ultratech Cement 11195.00
Ambuja Cements 349.80
ACC 1142.35
Shree Cement 23000.15
Dalmia Bharat 1517.70
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