Aashiana Rolling Mills Ltd (Manufacturer of Friends TMT Bars in Gujarat) due to its prudent financial management has one of the best credit ratings in the industry. The heavy capital investment in expanding production capacity by Friends Steel is evincing banks to finance the project. The group proposes to raise funds by way of debt i.e., loans, debentures, etc.
Credit Rating for Aashiana Rolling Mills Ltd was upgraded to ‘CRISIL BBB/Stable’ in 2019.
Friends steel has always focussed on maintaining good relations with its stake holders. With banks, it provides us opportunity to openly discuss any risks and how are we planning to manage those risks.
Some practices followed at Friends Steel are: