Credit rating agency, CARE has reaffirmed ‘A1’ rating to Rs 70 crore commercial paper (CP)/ short term debt (STD) programme of Simplex Projects.
The reaffirmation of rating takes into consideration satisfactory order book position and increased thrust on infrastructure related activities by Government of India. The rating also draw strength from the considerable experience of the promoters, satisfactory track record, project execution capability and diversified-project mix with satisfactory client portfolio.
Simplex Projects is a medium sized construction company based in Kolkata. It is the pioneer in the ‘fully automated multilevel car parking system’ in India and has major presence in eastern India, north-eastern India and northern India.
Company Name | CMP |
---|---|
Dilip Buildcon | 458.40 |
Macrotech Developers | 1218.25 |
NBCC (India) | 142.30 |
Prestige EstatesProj | 1321.65 |
DLF | 887.00 |
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