Credit rating agency, CARE has reaffirmed ‘A+’ rating to Apar Industries’ long term bank facilities worth Rs 714.37 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 1,664.53 crore. The rating agency has also reaffirmed ‘A+/ A1+’ rating to company’s Long/Short term Bank Facilities worth Rs 304.30 crore.
The company has received the said rating on the back of its experienced promoters and management, well-established market position in the product segments it operates along with long-term relationship with its customers and diversified revenue profile of the company.
Apar Industries (AIL) is engaged in the manufacturing of transformer and specialty oils along with transmission & distribution overhead conductors. It is the second largest manufacturer of power conductors in India. The company is also engaged in the manufacture of electrical and telecom cables.
