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CARE reaffirms ratings of Magna Electro Castings’ bank facilities

22 Dec 2016 Evaluate

Credit rating agency, CARE has reaffirmed ‘BBB+ (stable)’ rating to Magna Electro Castings’ long term bank facilities worth Rs 12.08 crore. The rating agency has also reaffirmed ‘A2’ rating to the company’s short-term bank facilities worth Rs 15.25 crore.

Magna Electro Castings is engaged in the manufacture of iron castings, including grey iron, spheroidal graphite (SG) iron and other iron alloy castings-machined and unmachined, and steel components. It operates through two segments: Foundry division and Wind Energy Generation division.

Magna ElectroCasting Share Price

958.55 9.05 (0.95%)
17-Apr-2026 16:59 View Price Chart
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