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ICRA reaffirms A+ rating to Torrent Cables’ long term bank facilities

20 Sep 2013 Evaluate

Credit rating agency, ICRA has reaffirmed A+/stable rating to Torrent Cables’ long term bank facilities worth Rs 38 crore. The rating agency has also reaffirmed A1+/stable rating to the company’s short term bank facilities worth Rs 61 crore.

The company is one of the market leaders in HT Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables. It has maintained its competitive edge, while operating in a market segment that includes SEBs, Utilities, EPCs, Government/Semi-Government/Private Companies.

Peers
Company Name CMP
Polycab India 8184.95
KEI Industries 4841.10
RR Kabel Ltd. 1475.45
Finolex Cables 943.60
Precision Wire India 377.20
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