Credit rating agency, Credit Analysis & Research (CARE) has revised the rating from ‘AA-‘to ‘A+’ for the long term facilities of Punj Lloyd. This rating is applicable to facilities having tenure of more than one year. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
Further, CARE has reaffirmed the 'A1+' rating assigned to the short term facilities of the company. This rating is applicable to facilities having tenure of up to one year. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.
Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.
Company Name | CMP |
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Larsen & Toubro | 3636.15 |
Rail Vikas Nigam | 288.80 |
KEC International | 731.30 |
Kalpataru Projects | 1170.00 |
NCC | 246.10 |
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