Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to SEL Manufacturing Company’s long term bank facilities worth Rs 3,186.07 crore. The rating agency as also reaffirmed ‘A3’ rating to the company’s short term bank facilities worth Rs 10.10 crore.
The company has received the said rating reaffirmation on the back of its established position as a vertically integrated textile unit and diversified range of products, consistent growth in the scale of operations along with healthy margins and vast experience of the promoters.
SEL Manufacturing Company has over 40 years of experience in the textile industry. At present, it has facilities for manufacturing cotton yarn, combed yarn, knitted fabrics, knitted garments and terry towels.
