Credit rating agency, CARE has reaffirmed ‘A-’ rating to HBL Power System’s long-term bank facilities worth Rs 391.77 crore. The rating agency has also reaffirmed ‘A2+’ rating to the company’s short-term bank facilities worth Rs 769.80 crore.
The ratings assigned to the bank facilities of HBL Power System (HBL) continues to take into account the experienced promoters, established track record of operations, continued financial support from the holding company in the form of unsecured loans, moderate order book position with telecom and defense orders in pipeline, revival of telecom sector and diversified revenue profile. The ratings also take into account the growth in total operating income, improved sales realizations and PBILDT margin in FY15 (refers to the period April 01 to March 31) albeit decline in PAT levels.
| Company Name | CMP |
|---|---|
| Exide Inds | 388.45 |
| Amara Raja Energy | 839.00 |
| HBL Engineering | 799.55 |
| Eveready Inds. India | 345.30 |
| Indo-National | 358.40 |
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