ICRA reviews credit ratings on bank loan facilities of Apollo Pipes

7 Apr 2022 , 03:00 PM

ICRA Limited has reviewed the credit ratings on the bank loan facilities Rs50 crore of Apollo Pipes Limited. The long-term rating ICRA A (Positive) /A1 has been reaffirmed and outlook revised to Positive from Stable. The short-term rating has been reaffirmed at ICRA A1. 

At around 3.00 pm, Apollo Pipes Ltd was trading at Rs512.50 per share up by Rs13.75 or 2.76% from its previous closing of Rs498.75 per share on the BSE.

The scrip opened at Rs519 and has touched a high and low of Rs520 and Rs490 respectively.