Mumbai, Dec. 2 -- Crisil Ratings stated that the rating reaffirmation reflects established position of the company in the domestic asbestos cement (AC) sheet (ACS) roofing market, its strong presence in the Sri Lankan market and a healthy revenue diversity through presence in textiles, calcium silicate board and wind power.

The rating also considers the company's healthy operating efficiency and strong financial risk profile, driven by steady cash accrual, prudent working capital management and moderate expansion plans.

The rating also reflects the significant value of investments held by RIL in the listed Ramco group companies, including RCL, supporting RIL's financial flexibility.

These strengths are partially offset by high dependen...