Balkrishna Industries Secures CRISIL AA+/Stable Reaffirmation on Bank Facilities

Balkrishna Industries Limited (BIL), a leading player in the off-highway tire segment, announced the reaffirmation of its strong credit ratings by CRISIL Ratings Limited.

Key Credit Ratings

Bank Loan Facilities: Rs. 2,000 crore rated CRISIL AA+/Stable (Long-term, reaffirmed) and CRISIL A1+ (Short-term, reaffirmed).

Commercial Paper: Rs. 500 crore rated CRISIL A1+.

Shares of Balkrishna Industries Limited was last trading in BSE at Rs. 2391.30 as compared to the previous close of Rs. 2461.60. The total number of shares traded during the day was 7718 in over 1171 trades.

The stock hit an intraday high of Rs. 2462.00 and intraday low of 2375.00. The net turnover during the day was Rs. 18603463.00.

Source : Equity Bulls

Keywords

BalkrishnaIndustries INE787D01026 RatingUpdate