Credit rating agency, CARE has reaffirmed A+ rating to Orient Refractories’ long-term bank facilities worth Rs 40 crore. The rating agency has also reaffirmed A1+ rating to the company’s short-term bank facilities worth Rs 5 crore.
The company has received the said rating reaffirmation on the back of its established track record, experienced promoters and its prominent position in the industry.
Orient Refractories (ORL) is a new entity spun out of Orient Abrasives (OAL) and is engaged in manufacturing refractories and monolithics.
