Credit rating agency, SMERA has assigned ‘BBB’/stable rating to the Xpro India’s term loans from banks worth Rs 103.96 crore and ‘A2 ’ rating to company’s non-fund-based limits. The rating agency also assigned ‘BBB’/stable rating to the company’s fund-based limits worth Rs 33.85 crore.
Xpro India forms an integral part of India's largest and most reputed industrial house with a global presence in manufacturing and trading activities - the Birla Group, a conglomerate comprising of many divisions, each consisting of a number of publicly-listed companies and headed by a member of the Birla family.
