CARE assigns ‘AA-’ rating to JK Lakshmi Cement’s NCD Issue

30 Jan 2014

Credit rating agency, CARE has assigned ‘AA-’ rating to JK Lakshmi Cement’s Proposed Long-term NonConvertible Debenture (NCD) issue worth Rs 200 crore. The company has received the said rating on the back of its experienced promoters and strong brand image, 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.

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