Breaking News

You are here » Indian-Commodity  :  Corporate  :  ICRA reaffirms rating of Indag Rubber's bank facilities


ICRA reaffirms rating of Indag Rubber's bank facilities

Credit rating agency, ICRA has re-affirmed Indag Rubber's long term rating of 'A+' on the Rs 8 crore long term fund based and also re-affirmed a short term rating of 'A1+' on the Rs 47 crore (including Rs 2 crore unallocated limits) non fund based facilities. The outlook on the long term rating has been revised from 'Stable' to 'Negative'.

Indag Rubber is a tread manufacturing company. The company is engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.

Related News

View all news

Zydus Wellness launches Sugar Lite: Report

Zydus Wellness has reportedly launched a new variant Sugar Lite. The company launched the product first in e-commerce platforms and it is in the process of reaching out to retail outlets. Zydus Wellness......

Bombay Dyeing to close subsidiary in Indonesia

Bombay Dyeing & Manufacturing Company has given its consent by signing the Shareholder's Resolution of its subsidiary in Indonesia i.e. PT Five Star Textile Indonesia (PTFS) on December 17, 2018......

Glenmark Pharma presents new data on GBR 1302, HER2xCD3 Bispecific Antibody

Glenmark Pharmaceuticals has presented the new pharmacokinetic data from the ongoing Phase 1 trial of GBR 1302, a HER2xCD3 bispecific antibody, at the European Society for Medical Oncology Immuno-Oncology......

Top News

View all news

Infibeam Avenues' arm incorporates wholly owned subsidiary

Infibeam Avenues' wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely 'Richrelevants' in BVI, which will be the Step-down Wholly Owned Subsidiary......

Ramco Systems gets order from Global Top 10 Chemical Manufacturing Company

Ramco Systems' Global Payroll platform has been chosen by one of the leading chemical producer and a Global Top 10 Chemical Manufacturing company by revenue, as a Managed Service for its multi-country......

JCT planning to raise funds on preferential basis

JCT is planning for the fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders. The meeting of the Board of Directors of the Company will be held on December......