Credit rating agency, CARE has downgraded rating of Vascon Engineers’ long-term bank facilities worth Rs 155 crore to ‘D’ from ‘BBB’. The rating agency has also downgraded the company’s short-term bank facilities worth Rs 250 crore to ‘D’ from ‘A3’.
The company has received the rating downgraded due to the strain on liquidity position of the company and subsequent delays in servicing of debt obligations.
Vascon Engineers has significant experience of providing EPC services, which include, constructing factories, hospitals, hospitality properties, office and residential complexes, shopping malls, multiplexes, IT parks and other buildings. The company provides EPC services for own projects as well as to third parties.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: