Announced Fri, 10 Jul · 17:06 IST
CARE Ratings reaffirms AA stable rating for RCCPL bank facilities
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BIRLACORPN · price
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AI summary
CARE Ratings reaffirmed bank loan ratings of RCCPL Private Limited, Birla Corporation's wholly-owned subsidiary, at CARE AA with Stable outlook. Facilities rated total about 1750 crore (740.44 crore long-term plus 1010 crore long/short-term). RCCPL contributes over 50 percent of BCL's cement capacity. Gearing improved to 0.93x in FY26 from 1.13x in FY25. Capex of 2800-3000 crore planned through FY29.
Likely market impact
Rating reaffirmed at CARE AA with Stable outlook, a neutral to mildly positive signal. Subsidiary gearing improved year-on-year despite planned debt-funded capex ahead.