Credit rating agency, CARE has assigned ‘AA’ rating to Amtek Auto’s Proposed Non-Convertible Debentures (NCDs) worth Rs 600 crore. The rating derives strength from the experience and resourcefulness of the promoters, the company’s established business position, diversified client base, long-standing relationships with automobile companies as the preferred Original Equipment (OE) supplier and healthy profitability levels.
Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.
