Surya Roshni Ltd's rating reaffirmed for commercial paper program

ICRA Ratings vide its letters dated 28th April, 2021 has reaffirmed Credit Rating to ICRA A1+(CE) for Rs. 200 crore SBLC backed Commercial Paper Program of Surya Roshni Limited (on the credit enhancement by its bankers). The rating factored in the payment mechanism designed to ensure payment of the rated CPs as per the terms of the transaction.

The aforesaid rating reflects strong credit quality and ensures a very strong degree of safety regarding timely payment of financial obligations by Company.

Shares of SURYA ROSHNI LTD. was last trading in BSE at Rs.410.9 as compared to the previous close of Rs. 415.5. The total number of shares traded during the day was 54152 in over 2256 trades.

The stock hit an intraday high of Rs. 431.25 and intraday low of 408.1. The net turnover during the day was Rs. 22789600.

Source : Equity Bulls

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