Fiberweb (India) Ltd. Secures Stable Rating, Approves Rs. 115 Crores Loan for Spunlace Fabrics Project

Fiberweb (India) Ltd. has announced that it has secured a BBB- / stable rating for long term bank loan facility and A3 for short term facility from Infomerics Valuation and Rating Pout. Ltd. The company has also approved an application for a term loan of Rs. 115 Crores and a working capital facility of Rs. 15 Crores for a new project involving Spunlace fabrics with biodegradable materials. The project is expected to commence commercial production by January 2026. The company will invest Rs. 45.50 Crores in the total capex of Rs. 160.50 Crores, with the balance being the bank loan. The company also plans to raise an additional Rs. 50 Crores through preferential issue, warrants, right issue, or other modes of financing.