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.
