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ICRA reaffirms ratings of REMSONS Industries Ltd

The Rating Committee of ICRA, has reaffirmed the credit rating for Rs. 66.82 Crore of Remsons Industries Limited s bank facilities.

ICRA assigns credit rating Rs46 32 crore of Remsons Industries bank facilities; Stock climbs 2 5%

The long-term rating has been assigned at BBB / Stable. The short-term rating has been assigned at ICRA A3.

Remsons Industries Limited announces Q3FY21 earnings

Remsons Industries Limited announces Q3FY21 earnings Posted On: 2021-02-15 04:49:49 (Time Zone: Arizona, USA) Remsons Industries Limited, is an Indian automotive component manufacturer having 4 manufacturing plants in India, 1 in the UK and sales offices in USA and Italy. The Company is a supplier to major OEM s like Maruti Suzuki, Hero MotoCorp, Ashok Leyland, Tata, Mahindra, PSA (Peugeot), Piaggio etc. from India. Remsons also supplies to global OEM s like Ford Motor Co., Jaguar Land Rover, Daimler, Aston Martin, Volvo etc. Financial Performance Highlights - Total Income at Rs. 68.06 crore compared to Rs. 47.20 crore, higher by 44% - EBITDA at Rs. 5.53 crore compared to Rs. 4.19 crore higher by 32%

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