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ICRA assigns ‘SP 2A’ Solar grading to Minda Industries

27 Mar 2015 Evaluate

Credit rating agency, ICRA has assigned the ‘SP 2A’ grading to Minda Industries, indicating the ‘High Performance Capability’ and ‘Highest Financial Strength’ of the channel partner to undertake offgrid solar projects. The grading is valid for a period of two years from March 16, 2015 after which it will be kept under surveillance.

Minda Industries is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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