Fitch Ratings assign ‘BBB’ grade to Richa Industries

Credit rating agency, Fitch Ratings has assigned ‘BBB’ grade to Richa Industries in National Bank Loan Ratings.

Last year in May, the company had received an approval to expand the existing production capacity of Pre Engineered Buildings (PEB) by 1250 tons per month at Kashipur, Uttarakhand.

Richa Industries is engaged in manufacturing of knitted fabric, dyeing processing and finishing of organic cotton and man-made fibre fabric. It also manufactures garments for the domestic and export markets.