Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Aditya Birla Chemicals’ (India) Long term bank facilities worth Rs 1,022.81 crore and ‘A1+’ rating to short term bank facilities worth Rs 40.00 crore.
The ratings continue to derive strength from the prominent parentage (Aditya Birla group) and experienced management, leading position in the chlor-alkali industry in the Eastern region of India, its importance as key input supplier given group’s internal requirement for caustic soda, integrated operations and diversified end-user industries, competitive cost structure and stable outlook for caustic soda industry. Further, the ratings factor in healthy growth in the turnover during FY13 and H1FY14.
Aditya Birla Chemicals (India) is one of the leading chlor-alkali manufacturing companies in India and is part of the chemicals business of the Aditya Birla group.
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