Credit rating agency, CARE has reaffirmed ‘A+’ rating to Apar Industries’ long term bank facilities worth Rs 816.00 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 1,950.65 crore. The rating agency has also reaffirmed A+/A1+ rating to the company’s long/ short-term bank facilities worth Rs 9.40 crore.
The company has received the said ratings on the back of its experienced promoters and management, strong order book position, established market position of the company in the product segments it operates in along with long-term relationship with customers and diversified revenue profile.
Apar Industries is engaged in the manufacturing of transformer and specialty oils along with transmission & distribution overhead conductors. It is the second largest manufacturer of power conductors in India. The company is also engaged in the manufacture of electrical and telecom cables.
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