Credit rating agency, CARE has reaffirmed ‘A2’ rating assigned to Shakti Pumps’ short-term bank facilities worth Rs 84.24 crore and ‘BBB+’ rating to long-term bank facilities worth Rs 85 crore. The rating agency has also reaffirmed ‘BBB+/A2’ rating of company’s long term/ short term bank facilities worth Rs 12 crore.
Shakti Pumps is engaged in manufacturing of energy efficient stainless steel submersible pumps, pump-motors, solar pumps and pressure booster pumps. Pumps manufactured by SPIL find application in irrigation, residential as well as industrial sectors.
