Credit rating agency, CARE has assigned ‘D’ rating to Consolidated Construction Consortium’s Long-term bank facilities worth Rs 1253.25 crore. The rating agency has also assigned ‘D’ rating to the company’s Short-term bank facilities worth Rs 876.60 lakh. The ratings assigned to the bank facilities for Consolidated Construction Consortium (CCCL) factor in the delays in debt servicing on account of weak liquidity position
CCCL is an ISO-certified company with a turnover of around Rs 18.41 billion. It has a significant presence in India, with offices in Chennai, Bangalore, Hyderabad, Delhi, Kolkata, Pune and Trivandrum. An office recently opened in Middle East marks the beginning of its international visibility. CCCL has registered consistent growth over the years, ever since its inception.