Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Mangalam Cement’s long term bank facilities worth Rs 405.00 crore which was enhanced from Rs 360.0 crore and ‘AA-/A1+’ rating to company’s Long/Short-term bank facilities worth Rs 50.0 crore which was enhanced from Rs 40.00 crore.
The ratings continues to draw comfort from rich experience of the promoters, long & established track record of group, established brand though concentrated in northern region only, operational efficiency arising from backward integration and satisfactory financial risk profile marked by comfortable leverage and liquidity ratios.
Mangalam Cement is a professionally managed and well established cement manufacturing company enjoying the confidence of consumers because of its superior quality product and excellent customer service.
