CARE Ratings Limited has rated the bank facilities of Haldyn Glass Limited.
Banking facilities has been reaffirmed to CARE A- with stable outlook.
Short term ratings for bank facilities has been reaffirmed to CARE A2.
According to the Rationale report, the reaffirmation in the ratings assigned to the bank facilities of HGL continues to factor in extensive experience of the promoters, long track record of the company’s operations in the glass manufacturing business.
Presently, the company has high revenue dependence on liquor sector which is expected to reduce in upcoming years.
Haldyn Glass Ltd was at Rs32.15 per piece up by Rs0.9 or 2.88% from its previous closing of Rs31.25 per piece on the BSE, at around 3:14 PM.