Credit rating agency, CARE has reaffirmed A1+ rating to Rs 350 crore commercial paper of Amtek Auto. Moreover, the rating agency has also reaffirmed A1+ rating to Rs 150 crore commercial paper of the company.
The company has received the rating reaffirmation on the back of its experience and resourcefulness of the promoters, the company’s established business position, diversified client base and long-standing relationships with automobile companies.
Amtek Auto is engaged in manufacturing of various automotive machined and forged components such as case extensions, crankshaft assemblies, gear pinions, pivot arm, connecting rod assemblies etc.
