Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Welspun Syntex’s long term bank facilities worth Rs 121.06 crore. The rating agency has also reaffirmed ‘A3+’ rating to the company’s short term bank facilities.
The company has received the said ratings reaffirmation on the back of financial strength of the promoters - Welspun group, significant experience of the management in the textile business and healthy growth in both sales volume and sales realization due to partial implementation of the on-going project and increase in share of value added products in the company’s sales mix.
The company is engaged in manufacturing of wide range of texturized/dyed polyester and nylon yarn from its two manufacturing units located at Silvassa and Palghar (Dist. Thane, Maharashtra).
| Company Name | CMP |
|---|---|
| Welspun Living | 126.75 |
| Vardhman Textiles | 549.50 |
| Arvind | 385.05 |
| K.P.R. Mill | 919.20 |
| Page Industries | 38400.65 |
| View more.. | |
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