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CARE upgrades ratings to Sutlej Textiles and Industries’ various instruments

31 Dec 2013 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has upgraded A- rating to Sutlej Textiles and Industries’ Long Term Bank Facilities (Instruments) from BBB which indicating adequate degree of safety regarding timely servicing of financial obligations and a low credit risk to these instruments.

Further, the rating agency has also upgraded A2+ rating to the company‘s Short Term Bank Facilities (Instruments) from A3+  which indicating strong degree of safety regarding timely pay went of financial obligations and a low credit risk to these instruments.

Sutlej Textiles and Industries has 260,872 spindles for spinning yarn, six million metres a year for apparel fabrics, 1.6 million trousers a year and 3 million metres a year for home textiles fabric. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.

Sutlej Textiles&Inds Share Price

33.97 2.09 (6.56%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 25.19
Filatex India 43.84
Nitin Spinners 401.60
Nahar Spinning Mills 236.70
Sanathan Textiles 424.90
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