India Ratings & Research (Ind-Ra) has assigned Ballarpur Industries (BILT) additional Rs 500 million commercial paper (CP) programme a rating of 'A1+'.

The CP will be used to fund the company's working capital requirements. The programme is carved out of the fund-based working capital banking lines.

Shares of the company declined Rs 0.1, or 0.61%, to trade at Rs 16.40. The total volume of shares traded was 125,378 at the BSE (12.29 p.m., Tuesday).