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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 3199.00
DCM Shriram 1000.60
3M India 32101.00
Hindustan Foods 610.00
Balmer Lawrie & Co 164.60
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