CARE Reaffirms and Enhances Rating for Dalmia Bharat Sugar's Bank Facilities
CARE Ratings Limited has reviewed and updated the credit ratings for bank facilities extended to Dalmia Bharat Sugar and Industries Limited, reflecting recent operational and financial performance. The review resulted in the enhancement of the rating for Long Term Bank facilities while Short Term Bank facilities were reaffirmed.According to CARE Ratings Limited, the total Long Term Bank facilities stand at Rs 1,901.89 crore. A significant part of this facility, originally rated at 1,550 crore, has been enhanced and is now rated CARE AA+; Stable. The rating action for these long-term facilities was Assigned.
For Short Term Bank facilities, the total amount stands at Rs 200.00 crore, which was reaffirmed with a rating of CARE A1+.
The overall structure of Dalmia Bharat Sugar and Industries Limited's bank facilities is detailed in the following summary:
| Facility Type | Total Amount (In Rs. crore) | Key Rating Action |
|---|---|---|
| Long Term Bank facilities | 1,901.89 | Enhanced to CARE AA+; Stable |
| Short Term Bank facilities | 200.00 | Reaffirmed at CARE A1+ |
This updated rating assessment reflects the company’s credit profile following a comprehensive review by the Rating Committee of CARE Ratings Limited. The total amount across both long-term and short-term bank facilities stands at Rs 2,101.89 crore.
DALMIASUG Stock Price Movement
On Thursday, shares of Dalmia Bharat Sugar and Industries Limited shed 1.39%, closing at ₹324.95 as the stock slipped below previous day's levels. The equity accounted for a traded volume of 46,722 shares, having seen intraday trading within a range that reached a high of ₹332.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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