Credit rating agency, CARE has reaffirmed BBB+ rating to Steelcast’s long term bank facilities worth Rs 64.96 crore. The company has reaffirmed A3+ rating to the company’s short-term bank facilities worth Rs 20 crore.
The company has received the said rating on the back of its vast experience of the promoters in steel casting business, established manufacturing set-up, and presence in both domestic and international markets and long standing relationship with key customers in the earth moving equipment industry.
Steelcast caters to earthmoving equipment manufacturers, heavy electrical equipment manufacturers, mining, mineral processing equipment manufacturers, OFE valve manufacturers, general engineering equipment manufacturers and end users like cement plants, mining and mineral processing units, thermal power plants and steel plants.
Company Name | CMP |
---|---|
Electrost Castings | 161.00 |
AIA Engineering | 3682.45 |
Kirloskar Ferrous | 685.80 |
Nelcast | 134.00 |
Alicon Castalloy | 1074.70 |
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