Credit rating agency, CARE has reaffirmed ‘AAA’ rating to National Aluminium Company’s (NALCO) long term bank facilities worth Rs 300 crore. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short term bank facilities.
The company has received the said rating reaffirmation on the back of its long & satisfactory track record, controlling equity stake by the Government of India (GoI) and qualified professional management team.
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.
