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Ramco Cements Limited ( (IN:RAMCOCEM) ) has issued an announcement.
Ramco Cements has announced that CRISIL Ratings Limited has reaffirmed its highest short-term rating of CRISIL A1+ for ₹900 crore of commercial paper, underscoring the company’s strong liquidity and sound short-term credit profile. In addition, CRISIL has assigned a long-term rating of CRISIL AA+ with a stable outlook to ₹500 crore of non-convertible debentures, signalling confidence in the company’s financial strength and supporting its access to capital markets on favourable terms, which is relevant for investors and lenders tracking its funding and expansion plans.
More about Ramco Cements Limited
The Ramco Cements Limited is an Indian cement manufacturer headquartered in Tamil Nadu, operating in the building materials and infrastructure sector. The company focuses on producing cement and related products for construction and infrastructure development, serving domestic markets and participating in capital markets through listed debt and money-market instruments.
Average Trading Volume: 33,706
Technical Sentiment Signal: Hold
Current Market Cap: 229.7B INR
For detailed information about RAMCOCEM stock, go to TipRanks’ Stock Analysis page.