Credit rating agency, CARE has reaffirmed ‘A+’ rating to Indian Hume Pipe’s long-term bank facilities worth Rs 330 crore. The rating agency has also reaffirmed ‘A1+’ rating to the company’s short-term bank facilities worth Rs 715 crore.
The reaffirmation of the ratings assigned to the bank facilities of Indian Hume Pipe Company (IHP) continues to factor in the long and established track record of IHP in the water and irrigation infrastructure development segment, healthy revenue visibility in the medium term emanating from the strong and diversified order-book position of about Rs 2,003 crore (2 times of FY15 revenue) as on May 25, 2015. The ratings also take into account moderate financial risk profile marked by a low gearing.
Indian Hume Pipe Company is engaged in providing engineering, procurement, construction and commissioning services in water supply, irrigation and sewerage-related projects.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3815.00 |
| Kalpataru Projects | 1309.70 |
| Rail Vikas Nigam | 225.45 |
| NCC | 139.65 |
| KEC International | 495.30 |
| View more.. | |
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