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Alok Industries gets rating reaffirmation from CARE for bank facilities

12 Nov 2011 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the assigned ‘A1+’ rating to Alok Industries’ short term commercial paper / term debt issue for an amount aggregating to Rs 250 crore for a maturity not exceeding one year.

Recently, the CARE has reaffirmed the assigned ‘A1+’ rating to the company’s short term commercial paper / NCDs / term debt issue for an amount aggregating to Rs 1,000 crore for a maturity not exceeding one year.

Alok has evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Alok Inds Share Price

12.18 0.32 (2.70%)
12-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 138.60
Vardhman Textiles 627.60
Arvind 494.70
K.P.R. Mill 1068.55
Page Industries 38655.75
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