India Ratings and Research (Ind-Ra) has affirmed company's Long-Term Issuer Rating at ‘IND BBB-’. The Outlook is Stable.
This will be beneficial to the Company for competitive prograrune which is as follows:-
1. Expansion of Melt Blown capacity to double
2. Flat Bond project
As Melt Blown and Spun Bond both are used for face masks, there is spurt in demand for both the products and better margin.
At around 2:10 PM, Fiberweb (India) was trading at Rs38 per piece down by Rs1.75 or 4.4% from its previous closing of Rs39.75 per piece on Sensex.