Tilaknagar Industries receives ratings action from CRISIL

Tilaknagar Industries announced that CRISIL Ratings has revised its outlook on the long-term bank facilities to 'Positive' from 'Stable' and reaffirmed its rating at 'CRISIL A-'. The revision in outlook is due to significant improvement in the financial risk profile, with progressive repayment of debt and healthy cash generation, making the company net-debt free as on 30 September 2024.

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