India Ratings & Research (Ind-Ra) has revised the rating of the bank facilities of the
Srikalahasthi Pipes Limited. The rating on long-term loans and fund-based working capital facilities has been revised from IND AA-/RWN to IND A+/Stable.
The credit rating agency also revised rating on non-fund-based working capital facilities and commercial papers from IND A1+/RWN to IND A1+.
Srikalahasthi Pipes Ltd ended at Rs210.70 down by Rs7.4 or 3.39% from its previous closing of Rs218.10 per piece on the BSE.
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