Corporate announcements

Gitanjali Gems Limited has informed the Exchange that : "The Credit Analysis & Research Ltd (CARE) has assigned 'CARE A' (single A) rating to the Long Term facilities of the Company. This rating is applicable for facilities having tenure of more than one year. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk. Further, CARE has assigned 'PR 1' (PR One) rating for the Short Term facilities of the Company. This rating is applicable for facilities having tenure up to one year. Instruments with this rating would

Alok Industries Limited has informed the Exchange that: "Credit Analysis & Research Limited have assigned the 'CARE A' (Single A) rating for the long term facilities of the Company and 'PR 1' (PR One) rating for Short term facilities of the Company as per BASEL II norms".

Ipca Laboratories Ltd. has informed the Exchange that : "CRISIL has assigned its bank loan rating of AA-/ Stable to Company's bank facilities and re-affirmed its rating Pl+ on Company's short term debt programme."

Kei Industries Limited has informed the Exchange that "Credit Analysis & Research Ltd (CARE) has assigned 'CARE A' (Single A) rating to the Long Term facilities availed by the Company. This rating is applicable for facilities having tenure of more than one year. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations. Such instruments carry low credit risk. Further, CARE has assigned 'PR 1' (PR one) rating for the Short Term facilities availed by the Company in the form of fund & Non-fund based limit. This rating is applicable for facilitie

Precision Wires India Ltd has informed the Exchange that : "The Company has obtained Ratings by Credit Analysis & Research Ltd. (CARE) in respect of its Working Capital as well as Term Loan. CARE has assigned CARE A+ (Single A Plus) rating to the Long Term Bank Facilities and PR1+ rating to Short Term Banking Facilities of the Company. This Rating is valid for the tenure of one year."

Jindal Poly Films Limited has informed the Exchange that : "The CRISIL LIMITED has assigned to the Company "A+ / Stable" rating for Rs. 950 million Cash Credit Limit (Interchangeable with working capital demand loan and packing credit) and P1 rating for Rs. 1250 million Letter of Credit limit (Interchangeable with bank guarantees)."

Idea Cellular Limited has informed the Exchange that: "CARE has assigned a "CARE AA-" (Double A MINUS) rating to the long term banking facilities of the Company. This rating is applicable for facilities having tenure of more than one year. Further, CARE has also assigned a "PR1+" (PR One Plus) rating to the short term facilities of the Company i.e. facilities upto one year".

Blue Bird (India) Limited has informed the Exchange that: "The Company has been assigned "Care A" (Single A) rating to the long term facilities (working capital) of the company by Credit Analysis & Research Limited (CARE Rating)".

Micro Inks Limited has informed the Exchange that "The Credit Analysis & Research Ltd. (CARE): 1) has retained PR1+ (PR One Plus) rating assigned to the Company's Short Term Debt (STD) Programme [Including Commercial Paper (CP)] for an amount upto Rs. 50 Crore for a maturity upto one year vide its letter dated February 28, 2008; 2) has assigned 'CARE AA' [double A] rating to the long-term facilities for a tenure of more than one year and 'PR1+' [PR one plus] rating to the short term facilities for a tenure upto one year for an amount aggregating to Rs. 930 crore for its bank facilities (includ

Lupin Limited has informed the Exchange that: "ICRA Limited has assigned "A1+" (pronounced "A one plus") rating to the Company's bank limit for Fund based/Non-Fund based facilities aggregating Rs.7000 million. This rating is the highest credit quality rating assigned by ICRA for the short term".

Mangalore Refinery And Petrochemicals Ltd. has informed the Exchange that: "ICRA Limited has reaffirmed Issuer Rating "IR AAA" (Pronounced as "IR Triple A") to Mangalore Refinery and Petrochemicals Limited. This rating indicates lowest credit risk. ICRA has also reaffirmed the 'A1+' rating, indicating highest credit quality to MRPL".

Mangalore Refinery And Petrochemicals Ltd. has informed the Exchange that: "CRISIL has reaffirmed the corporate credit rating of "CCR AAA" to MRPL after due surveillance. This rating indicates highest degree of strength with regard to honouring debt obligations".

Wipro Ltd has informed the Exchange that ICRA has assigned LAAA (pronounced as L Triple A) rating to Wipro's long term credit. This is the highest credit quality rating assigned by ICRA to long term instruments. Further the Company has submitted to the Exchange a copy of press release, by ICRA in this regard. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Wipro_PR_03042008.zip target=NEW> For more details click here.</a>

Aditya Birla Nuvo Limited has informed the Exchange that the Company's Working Capital Lenders had requested for risk rating of the Company's working capital facility in connection with their capital adequacy requirement pursuant to BASEL-II norms. Further the Company has informed that the Company has been assigned a 'CARE AAA' (Triple A) rating to the long term facilities (including working capital) Further CARE has also assigned a 'PR1+' (PR One Plus) rating to the short term facilities of the Company.

Bharat Electronics Ltd has informed the Exchange that: "ICRA has assigned an LAAA (pronounced as L triple A) rating to the Rs.2 billion fund based limit and an A1+ (pronounced as A one plus) rating to the Rs.10 billion non-fund based limit of the Company. The ratings indicate the highest credit quality in the long- and short-term. The existing rating of A1+ for the short-term debt programme has also been reaffirmed for Rs.100 million".

Gujarat State Petronet Limited has informed the Exchange that: "The Company has obtained 'CARE AA' rating from the Rating Committee of CARE for the long term bank loans of Rs. 1211.33 crores by the Company. 'CARE AA' rating signifies that Instruments with this rating are considered to offer high safety for timely servicing of debt obligations. Such instruments carry very low credit risk".

Phillips Carbon Black Ltd. has informed the Exchange that "Fitch Ratings India Pvt. Limited has assigned highest rating i.e. 'F1' for non fund based limits of Rs. 428 crs. Further 'A' rating has been assigned for fund based limits aggregating Rs. 145 crs and long term loans aggregating Rs. 147 crs."

Kalpataru Power Transmission Ltd has informed the Exchange that "Company has accepted the following ratings assigned by Credit Analysis & Research Ltd. (CARE) for Bank Loan facilities and Short Term Debt(including Commercial Paper) programme; (1) Rating Agent :- M/s. Credit Analysis & Research Ltd. (CARE); Rating Symbols :- 'CARE AA' (double A); Rated for Facility :- Bank Loan Facilities - Long Term; Rating Definition :- This rating indicates high safety for timely servicing of debt obligations and carry very low credit risk. (2) Rating Agent :- M/s. Credit Analysis & Research Ltd. (CARE); Rat

Transport Corporation Of India Limited has informed the Exchange that CRISIL, one of the leading rating agency, has assigned Ratings for the overall bank facilities enjoyed by TCI vide its letter no.RK/RCO/03/2008-129 dated March 25, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/TCI_rating_31032008.zip target=NEW> For more details click here.</a>

Automotive Stampings And Assemblies Limited has informed the Exchange that : "Crisil has assigned a Rating of "A / Stable" for the Long Term borrowings and "P1" for Short Term borrowings of the Company."

Mercator Lines Limited has informed the Exchange that " Credit Analysis & Research Ltd. (CARE) has reaffirmed 'CARE AA' (Double A) rating to all the outstanding secured redeemable Non Convertible Debentures (NCDs) issued by the Company as well as granted 'CARE AA' (Double A) rating to the long term borrowings of the company. CARE has also assigned 'PR1+' (PR One Plus) rating to the short term proposed facilities of the Company".

Kesoram Industries Ltd. has informed the Exchange that: "Credit Analysis & Research Ltd. has assigned the following ratings to the Company:- (a) For Long-term and Medium-term facilities : "Care AA" (Double A). (b) For Short-term facilities : "PR 1+" (PR One Plus)".

Dewan Housing Finance Corporation Ltd has informed the Exchange that "Credit Analysis & Research Ltd. (CARE) has assigned a 'CARE AA+' (Double A Plus) rating to the proposed issue of Redeemable Preference Shares of Rs.40 crore having maturity upto 5 years".

K S Oils Limited has informed the Exchange that "Fitch Rating has Assigned a National Issuer Rating of 'A-(ind)' (A minus (ind) to India-based K S Oils Limited (KS). Fitch has also assigned a rating of 'A-(Ind)' (A minus (ind) to its INR 3000 million long term bank loans, and a rating of "F2+(ind)' to its INR6000 million short term debt bank facility ( interchangeable between fund based and non-fund based)".

Jk Paper Limited has informed the Exchange that Rating Committee of ICRA has assigned the rating of "A1+s" to the Commercial Paper programme of Rs.15 crore of the Company.

Educomp Solutions Limited has informed the Exchange that: "Fitch Ratings has assigned a National Long-term issuer rating of 'A (ind)' to Educomp Solutions Limited (Educomp), as well as a 'A(ind)' rating to its INR 200 million long-term debt programme. The Outlook on the ratings is stable".

Dlf Limited has informed the Exchange regarding Crisil's rating for the Company. (A) Instruments: (1) Non Convertible Debentures. Size (Rs Billion): 50.0. Rating: AA/Stable (Assigned). (2) Short Term Debt. Size (Rs Billion): 30.0. Rating: P1+ (Assigned). (B) Bank Loan Facilities: (1) Fund- Based/ Term Loans. Size (Rs Billion): 77.7. Rating: AA/Stable (Assigned)/ P1+ (Assigned). (2) Non- Fund Based. Size (Rs Billion): 4.6. Rating: P1+ (Assigned). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the E

Kewal Kiran Clothing Limited has informed the Exchange that "CRISIL, India's leading Ratings, Research, Risk and Policy Advisory Company has assigned 'A' and 'P1' rating for the banking facilities of the company".

Edelweiss Capital Limited has informed the Exchange that : "With respect to the Credit rating from Icra Limited for the Long Term Debt (including index linked debenture)Programme of Rs. 200 crore, ICRA Limited has assigned "LAA-" (pronounced L double A minus) rating for the Long Term Debt (including index linked debenture) Programme of Rs. 200 Crores of Edelweiss capital Limited. The rating indicates the high-credit-quality rating assigned by ICRA and that the rated instrument carries relatively low risk."

Noida Toll Bridge Company Ltd has informed the Exchange that "The Company had requested Credit Analysis & Research Limited (CARE) to carry out a review of the credit rating for the Deep Discounts (DDBs) of the Company. Accordingly, the Company has received a letter from CARE reaffirming the 'CARE A- ( single A minus)' rating for the DDBs".

Birla Corporation Ltd has informed the Exchange that Credit Analysis & Research Ltd. (CARE) has assigned the Ratings to the Company. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Birla_cr_07032008.zip target=NEW> For more details click here.</a>

Alok Industries Limited has informed the Exchange that: "Credit Analysis & Research Limited have vide their letter dated March 5, 2008 reaffirmed the 'PR1'(PR One) rating of the Company's Commercial Paper / Mibor linked Short Term Non Convertible Debentures / Short Term Debt program for an amount aggregating to Rs.500 crores (size enhanced from Rs.300 crore) for a maturity not exceeding one year. The said rating is valid for a period of one year from the date of the rating letter".

Bank Of India has informed the Exchange that the Credit Analysis and Research Limited (CARE) vide their letter dated March 03, 2008 has assigned a CARE AAA (Is) (Triple A (Issuer) ) to the Bank.

Blue Bird (India) Limited has informed the Exchange that "The Company has been rated "PR 1" by Credit Analysis & Research Limited (CARE Rating) for Short Term Debt".

Tata Power Co. Ltd. has informed the Exchange that: " CRISIL has assigned its 'AA/Stable/P1+' bank loan rating to the Company's bank facilities and has reaffirmed its outstanding rating on the Company's non-convertible debenture and shot-term debt programmes". The copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)<a href=/content/corporate/Tatapower_Credit_20022008.zip target=NEW> For more details click here.</a>

Graphite India Limited has informed the Exchange that "ICRA Ltd. has assigned ratings to the following borrowings of the Company : (a) Rs.405 crore Short Term sanctioned bank limits (Fund Based & Non-fund Based facilities) - "A1+" (pronounced A one plus) Rating indicates highest credit quality rating to short term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term. (b) Rs.50 crore Long Term Bank Limit (Fund Based & Non-fund Based facilities). - "LAA" (pronounced as L double A) Rating indicates highest credit quality & carries low credit risk".

Ultratech Cement Limited has informed the Exchange that the ratings assigned by CRISIL Limited for the Company's Debt instruments/Bank facilities have been revised and upgraded. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ulltratech_rating_04022008.zip target=NEW> For more details click here.</a>

Elecon Engineering Co Ltd has informed the Exchange that "Elecon Engineering Company Limited, has been assigned by CARE Ltd. highest rating i.e. 'PR 1+'[PR One Plus] rating to the short- term bank loans/ facilities and Second highest rating i.e. 'CARE AA-' [double A minus] rating to the Long-Term bank loans/facilities. The said ratings are valid for one year. The ratings take into account EECL's long and established track record in engineering industry with well diversified product range both in MHE (Material Handling Equipment) and Gear business, its leadership position in the industrial gear

Man Industries (India) Ltd. has informed the Exchange that the Company has received rating for certain instruments from CRISIL. A copy of the press release regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Man_creditrating_29012008.zip target=NEW> For more details click here.</a>

Atul Ltd. has informed the Exchange that "Credit Analysis & Research Limited has allotted the following credit ratings : (1) 'CARE A-' (Single A Minus) for Long Term facilities. (2) 'PR1' (PR One) for Short Term facilities".

Graphite India Limited has informed the Exchange that: "ICRA Ltd has - (a) upgraded the rating of Non-Convertible Debenture Programme - Rs.50 crore to 'LAA' (pronounced L double A) which indicates high-credit quality from LAA- (pronounced L double A minus); and (b) reaffirmed the rating of Commercial Paper / Short-term Debt Programme - Rs.30 crore (at 'A1+' (pronounced A one plus) which indicates highest-credit-quality".

Sadbhav Engineering Limited has informed the Exchange that: "Company has obtained the rating for its Bank Facilities of Rs.944.16 crore( including outstanding term loans) and also a short term Rating for short term debt including Commercial Paper for an amount of Rs.50 crores, from the rating agency Credit Analysis & Research Ltd. (CARE) as under: (1) 'CARE AA-' (Double a Minus) relating to the Long Term facilities of the Company. (2) 'PR1+' (PR One Plus) relating to the Short Term facilities of the company including Commercial Paper for an amount of Rs.50 crores".

Cadila Healthcare Limited has informed the Exchange that "Company has got Credit Rating from CRISIL as under: Rs.300 Million Non-convertible Debenture Programme AA+ (Reaffirmed); Rs.600 Million Commercial Paper Programme P1+ (Reaffirmed)".

Alok Industries Limited has informed the Exchange that: "Credit Analysis & Research Limited have vide their letter dated 27th December 2007 reaffirmed the 'PR1'(PR One) rating of the Company's Commercial Paper / Mibor linked Short Term Non Convertible Debentures / Short Term Debt program for an amount aggregating to Rs.300 crores (size enhanced from Rs.200 crore) for a maturity not exceeding one year. The said rating is valid for a period of one year from the date of the rating letter".

Omax Autos Limited has informed the Exchange that "The Company has been assigned a 'F1 (ind)' '(F1 ind)' rating by Fitch Ratings India Private Limited for INR1250 million short-term debt/ commercial paper programme in a letter dated 3rd December, 2007 and the same shall be valid till December 3, 2008".

Dewan Housing Finance Corporation Ltd has informed the Exchange that "Credit Analysis & Research Ltd. (CARE) has assigned a 'CARE AA' (Double A) rating to the proposed Non Convertible Redeemable Preference share issue of Rs. 30 Crore having maturity between 3-5 years".

Indiabulls Financial Services Limited has informed the Exchange that: "The Rating Committee of CRISIL has assigned the highest rating of "P1+" (pronounced 'P one plus') to the Rs. 2000 crore Short Term Debt Programme of the Company (enhanced from Rs. 1000 crore). CRISIL is a majority-owned subsidiary of Standard and Poor's, the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data".

Motilal Oswal Financial Services Limited has informed the Exchange that "The credit rating of "P1+" (pronounced "P one plus") assigned by Crisil Limited to the Short Term Debt Programme of Rs.500 million has been enhanced by Crisil Limited to Rs.2 billion".

Eid Parry India Ltd. has informed the Exchange that "CRISIL has downgraded the rating for the Rs. 200 million non-Convertible Debenture programme to "AA-/Stable" (pronounced "Double A minus rating with Stable outlook"), from "AA/Negative". The revised rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument. The Company has not placed any Non-Convertible Debentures. CRISIL has reaffirmed the "P1+" (Pronounced "P one plus") rating for the 1500 million short term debt Programme. This indicates that the degree of safety with regard to timely

Motilal Oswal Financial Services Limited has informed the Exchange that "Crisil Limited has assigned a "P1+" (Pronounced "P one plus") for Rs. 500 million Short Term Debt Programme of the Company. The rating indicates the degree of safety with regard to timely payment of interest and principal on the instrument is very strong."