CRISIL upgrades rating on bank facilities of Sandur Manganese & Iron Ores

The long-term rating of the company has been upgraded to CRISIL A/ Stable.

Aug 25, 2021 04:08 IST India Infoline News Service

CRISIL Ratings has reviewed the rating on total bank facilities Rs751cr of The Sandur Manganese & Iron Ores Limited and has upgraded the existing ratings.

The long-term rating has been upgraded to CRISIL A/ Stable from CRISIL A- / Stable. The rating on short-term bank facilities of the company has been upgraded to CRISIL A1 from CRISIL A2+.

Sandur Manganese & Iron Ores Ltd ended at Rs1,768.40 per piece up by Rs9.5 or 0.54% from its previous closing of Rs1,758.90 per piece on the BSE.
The scrip opened at Rs1,779.80 and touched a high and low of Rs1,819.95 and Rs1,751.40 respectively, during intraday trade on Wednesday. 

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