Re: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Kindly be informed that the Rating Committee of ICRA Limited (ICRA) has reaffirmed Credit Rating assigned to Rs. 173.00 crores Bank Facilities of the Company. In this connection, extract from JCRA's e.mail dated 20111 Janua1y, 2022 addressed to the Company is reproduced below, which is self-explanatory.
"Based on a review ofthe latest developments, the Rating Committee ofICRA, after due
consideration has reaffirmed the long-term and
short-term Rating at [ICRA]AA
(pronounced ICRA Double A Minus) and
[ICRA)Al+ (pronounced ICRA A One Plus)
("Rating") to the Rs. 173 crore Bank
Facilities
ofIFGL Refractories Limited. The
outlook on the long-term rating is Stable."
Aforesaid disclosure is being made following Regulation
30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 for information ofall concerned.
Thanking you,
Yours faithfully,
For IFGL Refractories Ltd.,
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(RA:garwal) Company Secretary
Registered Office & Kalunga Works
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P.O. Kalunga - 770 031, Dist. Sundergarh, Odisha, India
IFGL Refractories Ltd. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 06:41:09 UTC.
IFGL Refractories Limited is an India-based company, which is engaged in the manufacturing, trading, and selling of refractory items and its related equipment and accessories used in steel plants. The Company operates through specialized refractories and ceramics. The Company also provides services in relation to refractory goods. The Company offers solutions, including Its manufacturing facilities are located in Kandla Special Economic Zone (SEZ), Gujarat, Kalunga Industrial Estate near Rourkela, Odisha, and Industrial Park APIIC De-Notified Area, Atchutapuram, Visakhapatnam District, Andhra Pradesh. The Company caters to both domestic and international markets. Its geographical segments include India, the United Kingdom, Europe other than the United Kingdom, Asia excluding India, the Americas, and others. The Companyâs wholly owned subsidiary is FGL Worldwide Holdings Limited.