Credit rating agency, CARE has assigned ‘BB+’ rating to RPP Infra Projects’ Long-term bank facilities worth Rs 65 crore. The rating agency has also assigned ‘A4+’ rating to the company’s Short-term bank facilities worth Rs 60 crore. The ratings assigned to the bank facilities of RPP Infra Projects are constrained by elongation in receivables period leading to high working capital cycle, limited geographical diversification, increasing competition in the construction sector and challenging industry scenario.
RPP Infra Projects is currently executing the projects like Strengthening of Contour Canal in Parambikulam and Aliyar in Tamil Nadu, the township project for NTPC and TNEB in Vallur, Northern Chennai are under progress.
