Credit rating agency, CARE has reaffirmed BBB rating to Star Delta Transformers’ long term bank facilities worth Rs 19.37 crore and A3+ rating to short term bank facilities worth Rs 5.10 crore. The rating agency has also reaffirmed BBB/A3+ rating to the company’s long/ short-term bank facilities worth Rs 16 crore.
The ratings assigned to the bank facilities of Star Delta Transformers (SDTL) continue to derive strength from its established track record of operations of over three decades, long association with reputed clientele and its financial risk profile marked by moderate profitability, comfortable capital structure & debt coverage indicators and comfortable liquidity indicators.
SDTL is engaged in the manufacturing of power and distribution transformers. The company has a state-of-the-art facility at Industrial Area, Govindpura, Bhopal which is equipped to manufacture & test transformers upto 40 megavolt amperes (MVA), 132 kilovolt (KV) class.
