New Delhi, Oct. 27 -- India Ratings and Research (Ind-Ra) has reaffirmed the rating of Birla Corporation Limited's (BCL) bank loan facilities at 'IND AA/Stable' and withdrawn the rating assigned to its non-convertible debentures (NCDs), the company informed the exchanges on Monday. This decision comes as BCL continues to strengthen its market position in the cement industry, supported by strategic expansions and operational efficiencies.

The affirmation of BCL's bank loan facilities, amounting to Rs.2,500 million, reflects the company's robust financial profile and strategic initiatives aimed at enhancing its operational capabilities. Ind-Ra also assigned a rating of 'IND AA/Stable' to additional bank loan facilities worth Rs.1,281.5 mil...