CARE revises ratings of TNPL’s bank facilities

07 Oct 2017 Evaluate

The credit rating agency, CARE has revised rating of Tamil Nadu Newsprint and Papers’ (TNPL) Long Term Bank Facilities worth Rs 1944.85 crore to ‘A/Stable’ from ‘A+’ and Long/Short Term Bank Facilities worth Rs 425 crore to ‘A;Stable/A1’ from ‘A+/A1’. The rating agency has also reaffirmed Short Term Bank Facilities worth Rs 325 crore to ‘A1’.

Tamil Nadu Newsprint & Papers (TNPL) is engaged in the manufacture of newsprint and printing and writing paper by using bagasse as a raw material.

TN Newsprints Share Price

207.10 4.45 (2.20%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 435.85
TN Newsprints 207.10
West Coast Paper 556.15
Emami Paper Mills 116.80
Seshasayee Paper 296.50
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