CRISIL reaffirms Shree Cement's rating on Bank Loan facilities

13 Jan 2022 , 04:26 PM

CRISIL Limited, a credit rating agency has reaffirmed the short-term debt and long-term debt facility rating of Shree Cements Limited.

The credit rating agency reaffirmed the AAA rating on the long-term debt of the company. It also reaffirmed the CRISIL A1+ rating on the short-term debt instrument of the company. The total amount of both the facilities equals Rs 1900 crores.

On Thursday, Shree Cement closed at Rs 26,874.90. In intraday trade, it has touched a high and low of Rs26,994.10 and Rs26,376.90 respectively on NSE.

Shree Cement is a cement company. The Company’s principal products/services are cement and clinker. The Company operates through two business segments: Cement and Power.