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Elpro International gets BBB- rating for long term bank facilities from CRISIL

07 Sep 2012 Evaluate

Credit rating agency, CRISIL has assigned ‘BBB-/Stable’ rating to Elpro International’s long term bank facilities while the rating agency has assigned ‘A3’ rating to the company’s short term bank facilities.

The company has received the said rating on the back of its successful track record in executing real estate development projects, and its financial flexibility emanating from surplus land assets, and investments in insurance venture of MetLife India Insurance Company.

Elpro International’s product portfolio includes, surge arresters, distribution class arresters, station class arrestors, secondary surge arresters, under oil surge arrestors, accessories, zinc oxide discs and varistors.

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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