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Surya Roshini has informed the exchanges that CARE Ratings on April 24, has reaffirmed the credit rating of the company for the enhanced facilities due to merger of Surya Global Steel Tubes (SGSTL) with Surya Roshini as follows: In respect of Surya Roshini, Care Rating has reaffirmed the long/short term bank facilities (NFB & SLC) rating to Care A1 on the enhanced amount of ₹1,066 crore (enhanced from ₹720 crore) and its long term bank facilities’ rating to Care A+ on the enhanced amount of ₹1,193.29 crore (enhanced from ₹942.96 crore).
These ratings are based on the merged nine-month results for the period ended December 31, 2017. The stock of Surya Roshini closed at ₹421.60 on the BSE, up 1.41 per cent from its closing on Wednesday.
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