Credit rating agency, CARE has revised rating of Bajaj Hindusthan’s long-term bank facilities worth Rs 4,887.51 crore to A- from A. The rating agency has also reaffirmed ‘A1’ ratings to company’s short-term bank facilities worth Rs 800 crore.
The revision in the long-term rating takes into account the weak financial performance of company during FY12 and Q1FY13. The revision also factors in BHL’s high investment commitments and support provided to the group companies and its large debt repayment obligations in the short to medium term.
Bajaj Hindusthan, a part of the 'Bajaj Group’, is one the largest sugar manufacturing companies in Asia and also the largest industrial alcohol manufacturers in India. It is engaged in sugar manufacturing, distillery operations and bagasse-based power generation. It has 16 sugar mills with a cane crushing capacity of 1.36 lakh tonne per day.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 27.60 |
| Bajaj Hindusthan Sug | 19.79 |
| Triveni Engg. & Inds | 402.15 |
| Balrampur Chini Mill | 522.95 |
| Dalmia Bharat Sugar | 384.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: