Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Steelcast’s long term bank facilities worth Rs 44.63 crore and ‘A3’ rating to company’s short term Bank Facilities worth Rs 6 crore. The rating agency has also reaffirmed ‘BBB-/A3’ ratings to the long term/short term Bank Facilities of the company for amount worth Rs 60.51 crore.
Steelcast is a steel casting manufacturing company. The Company's product range include carbon steel, low alloy steel, high alloy steel, and other grades of wear and abrasion resistant steel castings produced by No Bake and Shell Molding Process. It serves various industries, including earthmoving equipment manufacturers, mining equipment manufacturers, construction equipment manufacturers, castings for steel plants, castings for cement plants and railways.
