CARE reaffirms JMC Projects’ long term bank facilities, NCDs

01 Oct 2020 Evaluate

Credit rating agency -- CARE has reaffirmed the rating of JMC Projects’ Long Term Bank Facilities & Non-Convertible Debentures (NCDs) as ‘A+’; Stable. Further, it has downgraded the rating of Short Term Bank Facilities from ‘A1+’ to ‘A1’, thereby giving the rationale for such downgrade. The revision in Short Term Bank Facilities rating is on account of high working capital intensity of operations which is likely to remain high amidst heightened execution challenges due to Covid-19 pandemic along with continued funding requirement for company's underperforming operational toll projects.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.

JMC Projects (India) Share Price

118.60 0.00 (0.00%)
10-Jan-2023 18:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 456.85
Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
DLF 898.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.