Credit rating agency, ICRA has assigned BB+ rating to Rs 7 crore term loan and Rs 93 crore working capital limits of Kavveri Telecom Products (KTPL). The outlook on the long term rating is stable.
The assigned rating takes into account the company’s long track record in designing and manufacturing of Radio frequency (Rf) products and antennas, its in-house R&D capabilities and its healthy profitability.
Kavveri Telecom Products is a leading telecom products manufacturer, providing world-class hardware products and solutions for the telecom, defense and space industry. Kavveri Telecom combines expertise with experience to deliver state-of-art products and solutions spanning the wide spectrum of wireless Telecommunications.
