In view of the requirement of dual rating for its Commercial Paper Programme of Rs. 325 Crores, Surya Roshni Ltd has approached to CARE Ratings for rating of same.
CARE Ratings has assigned Credit Ratings of Commercial Paper Programme of Surya Roshni Limited to CARE A1+ (SO) for Rs. 305 Crores on the credit enhancement in the form of Stand by Letter of Credit (SBLC) issued by State Bank of India, Punjab National Bank, Canara Bank and HDFC Bank and to CARE A1( SO) for Rs. 20 Crores on the credit enhancement in the form of SBLC issued by IDBI Bank Limited.
The aforesaid ratings assigned by CARE are in line with already assigned ratings by ICRA for the Commercial Paper Programme of the Company.
Shares of SURYA ROSHNI LTD. was last trading in BSE at Rs.322.4 as compared to the previous close of Rs. 324.75. The total number of shares traded during the day was 15566 in over 317 trades.
The stock hit an intraday high of Rs. 326.95 and intraday low of 320. The net turnover during the day was Rs. 5051167.