Credit rating agency, Credit Analysis & Research (CARE) has assigned ‘A1+’ rating to Orient Cement’s Short Term Instrument (Commercial Paper) of worth Rs 100.00 crore .The rating takes into account the long & satisfactory track record of OCL in the cement industry, experienced promoter and management team, strong financial risk profile marked by satisfactory profitability & healthy cash accruals and operational efficiency due to backward integration.
Orient Cement (OCL), belonging to G.P. - C.K Birla group, was incorporated in July, 2011to acquire the cement division of Orient Paper & Industries (OPIL).
