Credit rating agency, CARE has reaffirmed ‘D’ rating to Era Infra Engineering’s long term bank facilities worth Rs 3,048.93 crore and ‘D/D’ rating to company’s Long/Short-term Bank Facilities worth Rs 2,000 crore. The rating agency has also reaffirmed ‘D’ rating to company’s Long-term Non-Convertible Debentures (NCD) - (aggregate) worth Rs 286 crore.
The ratings of the bank facilities and instruments of EIEL continue to factor in weakened financial risk profile and weak liquidity resulting in delays in debt servicing.
Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.
Company Name | CMP |
---|---|
Larsen & Toubro | 3602.30 |
Rail Vikas Nigam | 289.85 |
KEC International | 728.30 |
Kalpataru Projects | 1179.00 |
NCC | 249.40 |
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