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An announcement from Ramco Industries Limited ( (IN:RAMCOIND) ) is now available.
Ramco Industries Limited announced that ICRA has reaffirmed its credit ratings for both long-term and short-term facilities, maintaining a stable outlook. The reaffirmation includes a long-term facility of Rs. 500 Crores and a non-convertible debenture facility of Rs. 100 Crores, with a withdrawal for Rs. 60 Crores. This reaffirmation of credit ratings by ICRA reflects the company’s stable financial position and could positively influence stakeholder confidence, ensuring continued support from investors and lenders.
More about Ramco Industries Limited
Ramco Industries Limited operates in the industrial sector, focusing on manufacturing and providing a range of building materials. The company is known for its production of fiber cement sheets, calcium silicate boards, and other related products, catering primarily to the construction and infrastructure markets.
Average Trading Volume: 23,224
Technical Sentiment Signal: Buy
Current Market Cap: 28.1B INR
For detailed information about RAMCOIND stock, go to TipRanks’ Stock Analysis page.