KOLKATA: Rating agency Crisil, has reaffirmed the "AA+/Stable" (pronounced "double A plus with stable outlook") rating Birla Corporation Ltd, the flagship of the MP Birla empire.
The rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument.
The rating has been assigned to the proposed issue of long term non-convertible debenture programme of up to Rs. 500 crore of the company.
Birla Corporation Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement. The company’s Cement division offers various cements, such as ordinary portland cement, 43 and 53 grades, portland pozzolana cement, fly ash – based PPC, low alkali portland cement, portland slag cement, low heat cement, and sulphate resistant cement under the Birla Cement SAMRAT, Birla Cement KHAJURAHO, Birla Cement CHETAK, Birla Cement, and Birla Premium Cement names.
The rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument.
The rating has been assigned to the proposed issue of long term non-convertible debenture programme of up to Rs. 500 crore of the company.
Birla Corporation Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement. The company’s Cement division offers various cements, such as ordinary portland cement, 43 and 53 grades, portland pozzolana cement, fly ash – based PPC, low alkali portland cement, portland slag cement, low heat cement, and sulphate resistant cement under the Birla Cement SAMRAT, Birla Cement KHAJURAHO, Birla Cement CHETAK, Birla Cement, and Birla Premium Cement names.
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