Further, CARE has reaffirmed the ‘CARE AAA’ rating on long-term bank facilities of the company worth Rs1,100 crore, with a Stable outlook.
Company’s short-term facilities’ limit has been enhanced from Rs800 crore to Rs1,200 crore. The rating on these facilities has been reaffirmed at ‘CARE A1+’.
CARE has also assigned a ‘CARE A1+’ rating to the Commercial Paper programme worth Rs400 crore of company.
At around 2.19 PM, Shree Cement was trading at Rs21,109.85 per piece, up by 1.23% from its previous closing of Rs20,853.25 on the BSE. The scrip touched intraday high and low of Rs21,150 and Rs20,666.65 respectively.
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