Credit rating agency, CRISIL has reaffirmed ‘A-/Stable’ and ‘A2+’ rating to KCP’s Long-Term Rating and Short-Term Rating respectively. The rating agency has also assigned ‘A-/Stable’ and ‘FA/Stable’ rating to company’s Non Convertible Debentures worth Rs 70 crore and Fixed Deposits
KCP is a diversified $50 million business group with interests in heavy engineering, sugar, cement, hydel power, information technology and biotechnology. KCP's cement division has a state-of-the-art cement manufacturing plant at Macherla in Andhra Pradesh.
