CARE reaffirms rating to the long/short term bank facilities of Anjani Portland Cement

Credit rating agency, CARE has reaffirmed the assigned ‘BBB-’ rating to long term bank facilities of Anjani Portland Cement for Rs 154.77 crore. The rating agency has reaffirmed the assigned ‘A3’ rating to Short term bank facilities of the company for Rs 15.00 crore

The company has received the said rating on the back of its experienced management, long track record in cement industry, location advantage in terms of proximity to raw material sources and increased scale of operation.

Anjani Portland Cement, formerly known as Anjani Cement, is engaged in the business of manufacturing of cement. The company’s products include OPC (Ordinary Portland Cement) 53 Grade, OPC (Ordinary Portland Cement) 43 Grade and PPC (Portland Pozzolana Cement).