The credit rating agency, Brickwork Ratings has reaffirmed ‘BBB’ rating assigned to Bharat Wire Ropes’ Fund Based facilities worth Rs 423.75 crore. The rating agency has also reaffirmed ‘A3+’ rating assigned to the company’s Non-Fund Based facilities worth Rs 98.10 crore.
Bharat Wire Ropes is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is also engaged in the business of trading of the steel related products.
