Company hereby confirms that the Rating Agency i.e. CARE Ratings Limited has reaffirmed the credit rating.
SHREECEM · price
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Shree Cement has received confirmation from CARE Ratings that its credit rating for Commercial Paper of up to ₹1,000 crores has been reaffirmed at CARE A1+. This is the highest short-term credit rating assigned by CARE, indicating extremely strong ability to repay short-term debt obligations. The reaffirmation was disclosed to both NSE and BSE under SEBI listing regulations. The company maintains its corporate office in Gurugram and is one of India's major cement manufacturers.
A reaffirmed rating at the highest tier signals financial stability and strong creditworthiness, which is positive for investor confidence and borrowing costs. This is a neutral-to-positive development for shareholders.