Credit rating agency, CARE has assigned ‘BB+’ rating to Balasore Alloys’ Long-term Bank Facilities worth Rs 86.72 crore. The rating agency has also assigned ‘A4+’ rating to company’s Short-term Bank Facilities worth Rs 41.17 crore. The ratings assigned to the bank facilities of Balasore Alloys strength from the rich experience of the promoters along with established track record of the company, presence of captive chrome ore mine, satisfactory capacity utilization levels, accrual of benefits by virtue of recent up-gradation initiatives undertaken, diversified customer base with growing exports and satisfactory financials with moderate capital structure.
Balasore Alloys is a semi-integrated player in the ferro-alloys industry and is involved in the production of ferro-chrome from its manufacturing unit located in Balasore district of Odisha.
Company Name | CMP |
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Maithan Alloys | 1180.00 |
Indian Metal & Ferro | 660.00 |
Facor Alloys | 7.67 |
Shyam Century | 17.76 |
Indsil Hydro Power | 50.51 |
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