India Ratings Reaffirms Avadh Sugar & Energy Ltd's Bank Facility Ratings
India Ratings and Research (Ind-Ra) has reaffirmed the credit ratings for the bank loan facilities of Avadh Sugar & Energy Ltd (ASEL). The ratings affirmation details the company's standing across its long-term and short-term banking facilities.According to the rating confirmation, ASEL’s bank facilities received the following reaffirmed ratings:
| Facilities | Amount (Rs. In Million) | Rating | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 5978.9 | IND A+ STABLE | Affirmed |
| Short Term Bank Facilities | 12200 | IND A1 | Affirmed |
In a separate assessment regarding the bank loan facilities, India Ratings also provided a rating update, noting the following key metrics for the company’s borrowings:
| Instrument Type | Size of Issue (million) | Rating Assigned with Outlook/Watch | Rating Action |
|---|---|---|---|
| Bank loan facilities | INR 18,178.90 (reduced from INR 18,372.70) | INDA+/Stable/IND A1 | Affirmed |
Detailed Bank Loan Facility Overview
India Ratings also provided a detailed breakdown of the bank loan facilities, listing various lenders and the corresponding assigned ratings and outstanding amounts (in INR million).| Instrument Description | Bank Name | Ratings | Outstanding/Rated Amount (INR million) |
|---|---|---|---|
| TermLoan | ICICI Bank | INDA+/Stable | 1746.2 |
| Fund Based Working Capital Limit | ICICI Bank | INDA+/Stable/INDA1 | 1500 |
| Fund Based Working Capital Limit | State Bank of India | INDA+/Stable/INDA1 | 7000 |
| TermLoan | ICICI Bank | INDA+/Stable | 1375 |
| TermLoan | RBLBank | INDA+/Stable | 1200 |
| Fund-based working capital limits | Yes Bank Ltd | INDA+/Stable/INDA1 | 900 |
| Fund Based Working Capital Limit | DCBBank | INDA+/Stable/INDA1 | 350 |
| Fund Based Working Capital Limit | HDFCBankLimited | INDA+/Stable/INDA1 | 1350 |
| Fund Based Working Capital Limit | Axis Bank Limited | INDA+/Stable/INDA1 | 500 |
| Non-Fund Based Working Capital Limit | State Bank of India | INDA1 | 50 |
| Fund Based Working Capital Limit | RBLBank | INDA+/Stable/INDA1 | 550 |
| Bank loan facilities | NA | INDA+/Stable | 1657.7 |
AVADHSUGAR Stock Price Movement
On Friday, Avadh Sugar & Energy Limited shares shed 2.71%, settling at ₹509.3. The stock saw trading volume of 16,236 shares during the session.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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