CARE revises long term rating facilities of Alok Industries to ‘BBB’

14 Oct 2013

Credit rating agency, Credit Analysis & Research (CARE) has revised the rating assigned to the long term facilities of Alok Industries to ‘BBB’. This rating is applicable to facilities having tenure of more than one year.

Further, it has revised the rating assigned to the short term facilities of the company to ‘A3’. This rating is applicable to facilities having tenure of up to one year.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Related Alok Industries Ltd. Links:

Alok Inds Share Price

20.40 0.20 (0.99%) May 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Arvind 71.80
Welspun India 101.25
PDS Multinational 716.30
Vardhman Textiles 1290.95
KPR Mill 1462.20
View more..
Sensex vs Alok Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback