ICRA has suspended ‘BBB+’ and ‘A2+’ rating assigned to Apcotex Industries’ Rs 14.0 crore long term fund based facilities and Rs 5.0 crore short term non-fund based facilities respectively. The suspension follows ICRA’s inability to carry out a rating surveillance in the absence of the requisite information from the company.
With basic engineering and process know-how from Chemische Werke Huls (CWH) Germany, Apcotex pioneered the production of Vinyl Pyridine Latex, an important raw material for the tyre industry, in India.
| Company Name | CMP |
|---|---|
| Apcotex Inds | 385.00 |
| Pix Transmission | 1519.85 |
| GRP | 1968.40 |
| Harrisons Malayalam | 210.80 |
| Tinna Rubber & Infra | 731.10 |
| View more.. | |
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