India Ratings reaffirms Long-Term Issuer Rating to HeidelbergCement India

India Ratings reaffirms Long-Term Issuer Rating to HeidelbergCement India
Published: 28 January 2015


Credit rating agency India Ratings and Research has reaffirmed Long-Term Issuer Rating of 'AA-' with stable outlook to the HeidelbergCement India.

The rating indicates the high degree of safety regarding timely servicing of financial obligations and very low credit risk.

HeidelbergCement Inida has production facilities at Damoh (Madhya Pradesh state), Jhansi (Uttar Pradesh), Ammasandra ( Karnataka) and Cochin (Kerala), and markets its products under the brand name Mycem across the various regions.

After completing the brownfield expansion of our cement capacities in central India by 2.9Mta and the sale of the Raigad grinding plant (formerly Indorama Cement), HeidelbergCement has now a total cement capacity of 5.6Mta in India.