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Ind-Ra affirms ‘AA’ rating to Greaves Cotton’s Long-Term Issuer

16 May 2014 Evaluate

Credit rating agency, India Ratings & Research (Ind-Ra) has affirmed ‘AA’ rating to Greaves Cotton’s Long-Term Issuer Rating. The Outlook is Stable.

The rating continues to be supported by GCL’s leadership position in India’s three-wheeler engine market. The company has a market share of around 80% at FYE14.

Greaves Cotton, a 1,900 crore, a multi-product, multi-location company, is one of the leading engineering companies in India with core competencies in diesel/petrol engines, diesel generators and construction equipments.

Peers
Company Name CMP
Cummins India 4338.90
Kirloskar Oil Engine 1784.30
Greaves Cotton 183.55
Swaraj Engines 3399.55
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