Credit rating agency, CARE has reaffirmed ‘A’ rating assigned to Rs 1,844.40 crore long term bank facilities of ABG Shipyard. The rating agency has also reaffirmed ‘A/PR1’ rating assigned to Rs 7,300 crore long term/short term bank facilities of the company.
The ratings continue to derive strength from the company’s professionally qualified and experienced management, growth in operations backed by a strong and diversified order book further providing a revenue visibility, higher proportion of repeat orders in the order book and stable profit margins.
ABG Shipyard is engaged in the business of carrying shipbuilding and ship repair business. The company has emerged as the largest private sector shipbuilding yard in India with satisfied customer base all around the world.
Company Name | CMP |
---|---|
Mazagon Dock Ship | 2439.00 |
Cochin Shipyard | 1345.90 |
Knowledge Marine & E | 1250.00 |
VMS Industries | 42.80 |
Laxmipati Engineerin | 63.18 |
View more.. |