Credit rating agency, CARE has reaffirmed ‘A’ rating to Welspun India’s long term bank facilities worth Rs 2,437.43 crore and ‘A1’ rating to company’s Short term Bank Facilities worth Rs 429.85 crore. The company has received the said rating on the back of its promoters and management’s extensive experience in the home textile segment by virtue of being the market leader, with a well-diversified product portfolio, strong brand image and established relationships with several large global retail chains.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. WIL’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
