INDIAN HUME PIPE CO.LTD. - 504741 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform you that CARE Ratings Limited have reviewed and re-rated the Company's total Bank Facilities of Rs.1,987.50 Crores (reduced from Rs. 2,220 Crores) vide their letter No.CARE/HO/RL/2020-21/2762 dated October 01, 2020 and forwarded to the Company vide email dated 3rd October, 2020.The revision in rating was attributed to elongated operating cycle as a result of higher receivables and moderation of debt coverage indicators. Please take the above information on record.03-10-2020