CARE Ratings Reaffirms Bank Facilities for Tamil Nadu Newsprint and Papers Limited
1 report, 1 independent
Updated Sep 1
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What happened
CARE Ratings reaffirmed the credit ratings for Tamil Nadu Newsprint and Papers Limited's bank facilities, totaling ₹3,767.94 crore, with a stable outlook. Long-term facilities were reaffirmed at CARE A; Stable, while short-term facilities were reaffirmed at CARE A1. The reaffirmation reflects TNPL's operational recovery, driven by higher sales volumes and margin expansion.
From equitybulls.com
Why it matters
The reaffirmation of the ratings for both long-term and short-term facilities suggests continued confidence in TNPL's financial stability. This stability is supported by TNPL's improved profitability, which included a 10.81% operating profit margin in fiscal 2026.
From equitybulls.com