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CARE reaffirms ratings of JK Lakshmi Cement’s Bank Facilities

30 Dec 2013 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed AA- rating for JK Lakshmi Cement’s Long-term Bank Facilities worth Rs 1,974.39 crore which was enhanced from Rs 1503.62 crore and A1+ rating to Short-term Bank Facilities worth Rs 250 crore which was enhanced from Rs 200 crore. 

The rating agency has also reaffirmed A1+ rating for company’s Commercial Paper (CP) worth Rs 70 crore and AA- rating to Long-term Non-Convertible Debenture (NCD) worth Rs 249.79 crore.

The ratings continue to derive strength from the experienced promoters and strong brand image of JK Lakshmi Cement (JKLC), particularly in the Northern India market, comfortable solvency profile as well as improved operational and financial performance in FY13.

JK Lakshmi Cement is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan, with an installed capacity of 4.2 million tonnes per annum (mtpa), and at Kalol, Gujarat, with an installed capacity of 0.55 mtpa as on March 31, 2012.

JK Lakshmi Cement Share Price

599.15 -7.90 (-1.30%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 10995.55
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ACC 1351.30
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Dalmia Bharat 1725.45
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