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CARE reaffirms ratings of Deep Industries’ bank facilities

28 Aug 2014 Evaluate

Credit rating agency, CARE has reaffirmed A- rating to Deep Industries’ long-term bank Facilities worth Rs 138.64 crore. The rating agency has also reaffirmed A-/ A2+ rating to company’s long-term/ short term bank facilities worth Rs 40.00 crore. Meanwhile, the rating agency has assigned ‘A2+’ rating to the company’s short-term bank facilities worth Rs 1.36 crore.

The ratings of the bank facilities of Deep Industries (DIL) continue to take into account its established position in the domestic gas compression services business, confirmed order book with monthly billing cycle, healthy profitability and low overall gearing.

Deep Industries (DIL), established in the year 1991 with headquarters in Ahmedabad, Gujarat, primarily caters to ever increasing demand for Oil and Gas Field Services requirements. DIL is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.

Deep ene (Amalgamat) Share Price

310.05 0.00 (0.00%)
24-Sep-2024 16:01 View Price Chart
Peers
Company Name CMP
ONGC 287.50
Oil India 477.40
Jindal Drilling&Inds 547.00
Deep Industries 462.80
Asian Energy Service 300.20
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