Credit rating agency, CARE has reaffirmed A1+ rating of Rs 300 crore short term debt program including commercial paper of Electrosteel Castings.
The company gets the said rating reaffirmation from its reasonable track record, its promoters’ experience, adequate utilization of capacity, operating efficiency occurring out of different backward integration plans undertaken by the company.
Electrosteel Castings is engaged in the manufacturing solutions for water supply and sewerage systems. ECL has been certified for ISO 9001:2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation.
