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CARE upgrades the corporate credit rating of La Opala RG to ‘A+’

12 Nov 2013 Evaluate

Credit rating agency, CARE has upgraded the corporate credit rating of La Opala RG to ‘A+’ from ‘A- ‘. The rating of the company’s short term bank facilities has also been upgraded to ‘A1+’ from ‘A2+’.

La Opala RG entered the crockery market and introduced a wide range of opalware with a capacity of 688 tonnes per annum at Madhupur Bihar. The main object of the company is to manufacture glass and glass products of all types.

Peers
Company Name CMP
Asahi India Glass 1021.45
Borosil Renewables 413.60
Borosil Scientific 107.60
Haldyn Glass 127.95
Sejal Glass 884.15
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