Nalco

Crisil has reassigned the highest safety rating of `AAA' to the Rs 644-crore non-convertible debenture (NCD) programme of National Aluminium Company (Nalco) Ltd.

The continued rating is based on the company's globally competitive position as a low-cost aluminium producer, mainly due to the integrated nature of its operations and operating efficiency, its favourable position in both the domestic and international markets and the company's strong financial and liquidity position.