Credit rating agency, CARE has reaffirmed ‘BBB’ rating to Star Delta Transformers’ long term bank facilities worth Rs 19.07 crore and ‘A3+’ rating to company’s Short term Bank Facilities worth Rs 5 crore. Besides, the rating agency has also reaffirmed ‘BBB/A3+’ rating to the long term/short term bank Facilities of the company for amount worth Rs 16 crore. The ratings assigned to the bank facilities of Star Delta Transformers (SDTL) continue to derive strength from its established track record of operations of over three decades, long association with reputed clientele and its financial risk profile marked by comfortable capital structure and comfortable debt coverage and liquidity indicators.
Star Delta Transformers is engaged in manufacturing of power and distribution transformers. The company has a state-of-the-art facility at Industrial Area, Govindpura, Bhopal which is equipped to manufacture & test transformers upto 40 Mega Volt Ampere (MVA), 132 Kilovolt class.
