Credit rating agency, CARE has reaffirmed ‘BBB’ rating to BS’ long term bank facilities worth Rs 595.18 crore and ‘A3+’ rating to company’s Short term Bank Facilities worth Rs 387.45 crore. The rating agency has also reaffirmed ‘BBB/ A3+’ rating to company’s Long/Short term Bank Facilities worth Rs 730.50 crore.
The ratings assigned to the bank facilities of BS continue to take into account the promoter’s experience in the steel and tower manufacturing industry, integrated business model of the company, moderate order book and diversification into coal trading.
BS (formerly known as BS TransComm) is India’s Leading Infrastructure player in Power Transmission & Distribution and Telecom Managed Services. Today the company is preferred EPC Provider in India, and poised to become a holistic infrastructure provider.
