Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Neo Corp International’s long term bank facilities worth Rs 218.51 crore. The rating agency has also reaffirmed ‘A3+’ rating to short term bank facilities of the company worth Rs 103 crore.
The ratings continue to take into account the company’s established position as one of the largest manufacturers of technical textiles, its diversified product portfolio with a presence in three technical textile segments and the favourable government regulations for the industry.
The company is engaged in the manufacturing of technical textiles products under segments such as Packtech (finds application in packaging), Agrotech (agriculture, horticulture and forestry) and Geotech (geotextiles, civil engineering) having multiple applications in varied industries.
Company Name | CMP |
---|---|
PDS | 423.10 |
Vardhman Textiles | 462.00 |
Arvind | 379.35 |
Welspun Living | 144.20 |
Alok Inds | 26.79 |
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