CARE reaffirms rating of TRF’s CP/ STD programmes

18 Aug 2011 Evaluate

Credit rating agency, CARE has reaffirmed A1+ rating to Rs 90 crore Commercial Papers (CP) /Short Term Debt (STD) programmes of TRF.

The reaffirmation of rating takes into consideration long and satisfactory track record of the company, strong group support, proven project execution capability with strong technical tie-ups, reputed clientele, captive construction equipment and Material Handling Equipment (MHE) production facilities and satisfactory order book and financial position with comfortable leverage.

TRF, incorporated in 1962, belongs to Tata group and is engaged in the business of design, manufacture, supply, installation and commissioning of engineered-to-order equipment and systems.

TRF Share Price

126.55 6.00 (4.98%)
May 17, 15:53 View Price Chart
Peers
Company Name CMP
BHEL 49.95
Bharat Electronics 233.45
ISGEC Heavy Engg. 514.95
Thermax 2065.00
BEML 1444.80
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