Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Rs 2,610.47 crore long term bank facilities of SEL Manufacturing Company. The rating agency has also reaffirmed ‘PR3’ rating to Rs 33.10 crore short term bank facilities of the company.
The ratings continue to draw support from the company’s position as a vertically integrated textile unit and diversified range of products, healthy growth in turnover, successful execution capability for executing large projects and vast experience of the promoters.
SEL Manufacturing Company has over 40 years of experience in the textile industry. At present, it has facilities for manufacturing cotton yarn, combed yarn, knitted fabrics, knitted garments and terry towels.
