CRISIL has affirmed the ‘CRISIL A-‘ rating to the company’s long-term loan, and fund-based limits. It has given a stable outlook for the same.
The rating agency has given the ‘CRISIL A2+’ rating to the company’s short-term non-fund based limits.
Long-term instruments include a term loan worth Rs68.95 crore, Rs220 crore working capital facility, Rs75 crore Foreign Currency Term Loan, Rs22.20 crore External Commercial Borrowings, and a proposed term loan worth Rs22.45 crore.
Short-term instruments include Rs1 crore bank guarantee, Rs124 crore letter of credit, and Rs6.4 crore Foreign Exchange Forward.
Neuland Lab is currently trading at Rs1,387.20 down by Rs0.4 or 0.03% from its previous closing of Rs1,387.60 on the BSE. The scrip opened at Rs1,385.10 and has touched day's high and low of Rs1,389.35 and Rs1,380 respectively so far.
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