ICRA reaffirms credit rating for enhanced debt limits of The Ramco Cements Ltd

The Rating Committee of ICRA, after due consideration, has reaffirmed the long-term rating for the Rs. 3,570.00 crore bank lines (enhanced from Rs. 3,020.00 crore) at [ICRA]AA+ (pronounced ICRA double A plus) and the short-term rating for the captioned LOC at [ICRA]A1+ (pronounced ICRA A one plus). The Rating Committee of ICRA, after due consideration, has assigned a long-term rating of [ICRA]AA+ (pronounced ICRA double A plus) to the additional Rs. 550.00 crore bank lines. The outlook on the long-term rating is stable.

Shares of The Ramco Cements Limited was last trading in BSE at Rs.710.5 as compared to the previous close of Rs. 741.9. The total number of shares traded during the day was 34493 in over 1247 trades.

The stock hit an intraday high of Rs. 754.4 and intraday low of 710.25. The net turnover during the day was Rs. 25696891.

Source : Equity Bulls

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