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ICRA revises long-term rating of DCM Shriram Consolidated to ‘A/Stable’

05 Feb 2013 Evaluate

Credit rating agency, ICRA has revised the long-term rating of DCM Shriram Consolidated from ‘A-/Stable’ to ‘A/Stable’. The rating agency has also revised the short-term rating of the company from ‘A2+’ to’A1’.

DCM Shriram Consolidated runs two businesses -- energy intensive and agri business. Under agri business- the company is engaged into production of sugar, agri inputs, urea and hybrid seeds. Under energy intensive business- it produces chemicals, PVC resins, calcium carbide and cement.

Peers
Company Name CMP
Grasim Industries 2965.00
DCM Shriram 989.00
3M India 30879.70
Hindustan Foods 585.40
Balmer Lawrie & Co 158.35
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