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CRISIL Ratings reaffirmed Tilaknagar Industries Ltd's long-term bank loan facilities at 'Crisil A-/Stable', lifting the 'Rating Watch with Developing Implications'. The Rs 2,850 Cr facilities now reflect expected business growth from the Imperial Blue acquisition, tripling scale and reducing concentration. While operating margins and debt metrics may moderate due to Rs 4,150 Cr acquisition debt, cash generation is expected to remain strong.