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CARE Ratings has reaffirmed its CARE A1+(SO) rating for the ₹350-crore commercial paper program of Surya Roshni.
The rating is based on the audited financials for the year ended March 2018 and unaudited financials for the first quarter of FY19 and also taking into consideration the commencement of production from the ERW pipe manufacturing facilities at Hindupur, Andhra Pradesh, and advanced stage of execution of the 3LPE coating plant at Anjar, Gujarat.
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