ICRA Limited has reaffirmed the long-term outstanding rating of Rs1600cr LOC of Hindustan Copper Ltd
at ICRA AA and assigned a long-term rating of ICRA AA to the additional limit of Rs500cr.
The Outlook on the long-term rating is Stable, the company said.
The Rating Committee of ICRA has also reaffirmed the short-term outstanding rating of Rs1600cr LOC at ICRA A1+ and assigned a short-term rating of ICRA A1+ to the additional limit of Rs500cr.
The company is currently trading at Rs34.95, down by Rs0.25 or 0.71% from its previous closing of Rs35.20 on the BSE.