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CARE assigns ‘A3+’ rating to short term bank facilities of Ujaas Energy

01 Jul 2016 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has assigned and reaffirmed ‘A3+’ rating for short term bank facilities of Ujaas Energy reflecting the highest degree of safety regarding timely servicing of financial obligations and ‘BBB’ rating for the long term bank facilities reflecting a moderate degree of safety regarding timely servicing of financial obligations.

Ujaas Energy is engaged in manufacturing of transformers. Its products include distribution transformers, power transformers, furnace transformers and special purpose transformers.



Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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