ICRA reaffirms LAA, A1+ ratings to debt programmes of BCML

New Delhi, Aug 21 (UNI) Credit rating agency ICRA today reaffirmed the LAA rating assigned to the Rs 300 million NCD programme of UP-based Balrampur Chini Mills Limited (BCML).

The rating indicates high credit quality rating for the long-term.

ICRA also reaffirmed the A1+ rating to the Rs 250 crore short-term debt/ commercial paper programme of BCML.

BCML has been in the midst of a substantial acquisition-cum- capacity expansion programme which is likely to continue until October 2007 ie the commencement of financial year 2007-08.

Its facilities consist of six sugar mills in Eastern Uttar Pradesh with a combined capacity of 47,500 tcd of sugarcane, 160 kld distillery and 58 MW of exportable cogeneration capacity.

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