Credit rating agency, CARE has reaffirmed 'A +' rating to the proposed issue of non-convertible debenture (NCD) of Sadbhav Engineering upto Rs 120.00 crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
Sadbhav Engineering (SEL) is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.