Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

CARE reaffirms the rating assigned to the bank facilities of MBEL

16 Jun 2011

Credit rating agency, CARE has reaffirmed the assigned ‘CARE A+’ rating to the long-term bank facilities of McNally Bharat Engineering Company (MBEL). The amount is been reduced from Rs 2403.00 crore to Rs 2296.00 crore. The agency has also reaffirmed the assigned ‘PR1+’ rating to the short term bank facilities of MBEL. However, the amount is been enhanced from Rs 122.20 crore to Rs 284.00 crore.

The ratings factor in intense competition in the construction business, MBEL’s high average collection period, volatile input prices, exposure in group companies and moderate overall gearing ratio. Ability of MBEL to manage working capital effectively and raise resources to manage growth in operation, steady flow of orders & their timely execution and timely receipt of contract proceeds with containment of operating cost remain the key rating sensitivities.

McNally Bharat Engineering Company is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc.

Related Mcnally Bharat Engineering Company Ltd. Links:

Mcnally Bharat Engg Share Price

7.47 0.32 (4.48%) Sep 17, 18:02
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1715.50
Rail Vikas Nigam 30.10
KEC International 418.90
NCC 80.00
Sterling and Wilson 362.95
View more..
Sensex vs Mcnally Bharat Engg
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323