The credit rating agency, CRISIL has downgraded rating assigned to Eimco Elecon’s (India) long-term bank facilities to ‘A/stable’ from ‘A+/stable’. The rating agency has also downgraded rating assigned to the company’s short-term bank facilities to ‘A1’ from ‘A1+’.
Eimco Elecon (India) is in the business of manufacturing and marketing equipment for underground and opencast mines.The company produces a wide range of underground mining machinery.