Credit rating agency, CARE has reaffirmed ‘A’ rating to Emami Paper Mills’ long term bank facilities worth Rs 567 crore which was enhanced from Rs 200 crore and ‘A1’ rating to company’s Short term Bank Facilities worth Rs 70 crore. The company has received the said rating on the back of its stable financial performance in FY13 (refers to the period April 01 to March 31), with improvement in Q1FY14, improvement in capital structure and foray into paper board segment.
The ratings continue to draw comfort from the company’s long & satisfactory track record, considerable experience of its promoters, continuing group support and market leadership in the newsprint industry.
Emami Paper Mills is engaged in manufacturing of NP and Printing and Writing Paper (PWP) with aggregate installed capacity of 145,000 tonnes per annum. The company is one of the leading NP manufacturers in India and caters to majority of the newsprint buyers in Eastern India.
| Company Name | CMP |
|---|---|
| JK Paper | 391.35 |
| TN Newsprints | 155.90 |
| West Coast Paper | 521.00 |
| Emami Paper Mills | 81.20 |
| Seshasayee Paper | 265.60 |
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