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CARE assigns rating to Century Textiles & Industries’ NCD

24 Dec 2013 Evaluate

Credit rating agency, CARE has assigned AA -rating to Century Textiles & Industries’ Long-term Non-Convertible Debentures worth Rs. 400.00 crore.

The rating derives strength from the parentage of the B. K. Birla group – one of the oldest and prominent business houses of India, CTIL’s well-established operations, its experienced management and diversified business profile.

Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.

Peers
Company Name CMP
Lodha Developers 1167.65
Prestige EstatesProj 1632.45
Dilip Buildcon 397.10
DLF 745.00
Oberoi Realty 1739.90
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