Home / Knowledge / News / Textiles / Aditya Birla Nuvo gets highest credit rating for its bank facilities

Aditya Birla Nuvo gets highest credit rating for its bank facilities

05
Apr '08
Aditya Birla Nuvo has been assigned a 'CARE AAA' (Triple AAA) rating for its long term facilities (including working capital). Further the company has also been assigned 'PR1+' (PR One Plus) rating for its short term facilities.

Working capital lenders of the company had requested for risk rating for the company's working capital facility in connection with their capital adequacy requirement pursuant to BASEL-II norms.

Aditya Birla Nuvo Ltd (erstwhile Indian Rayon and Industries Ltd) is a diversified conglomerate within Aditya Birla Group, with a consolidated turnover of Rs.82,580 million for FY 2006-2007. It is a leading player in most of its business segments, including viscose filament yarn (VFY), carbon black, branded garments, fertilisers, textiles and insulators. Over the past years, Aditya Birla Nuvo, through its subsidiaries and joint ventures, has made successful forays into life insurance, telecom, business process outsourcing (BPO), IT services, asset management and other financial services, striking a balance between value businesses and high growth businesses.

Aditya Birla Nuvo Ltd


Must ReadView All

Pic: Shutterstock

Retail | On 31st Oct 2020

Consumer brands should REBOOT businesses: FICCI-Deloitte

Consumer brands should 'REBOOT' their businesses in view of the...

Pic: Dyecoo

Textiles | On 31st Oct 2020

Dyecoo & DuPont launch sustainable dyeing process

DuPont Biomaterials and DyeCoo, specialising in the development of...

Pic: Shutterstock

Apparel/Garments | On 31st Oct 2020

Lululemon 4th in Top 40 Most Valuable Canadian Brands list

Vancouver-headquartered athletic apparel brand Lululemon Athletica...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search