Credit rating agency, CARE has reaffirmed ‘A+’ rating to Sadbhav Engineering’s long-term bank facilities worth Rs 586.78 crore. The rating agency has also reaffirmed ‘A+/A1+’ rating to the company’s long-term/short-term bank facilities worth Rs 1800 crore.
The ratings assigned to the bank facilities of Sadbhav Engineering (SEL) continue to take into account its established track record in the Indian construction sector, demonstrated capability in timely execution of large sized build-operate-transfer (BOT) projects and its healthy and diversified order book position.
