Credit rating agency, CARE has reaffirmed BBB rating to Rs 67.60 crore long term bank facilities of Jyoti. The rating agency has revised rating of Rs 60.91 crore short term bank facilities to A3+ from A3.
The revision in the short-term rating of the company takes into account the improvement in its financial flexibility marked by increase in the scale of operations, improvement in the profitability as well as debt coverage indicators.
Jyoti is a leading ISO 9001: 2008 engineering company offering reliable quality products and services. The Jyoti Group of Companies is a conglomeration of industrial units involved in manufacturing and marketing a wide range of electrical and hydraulic engineering equipment used extensively in the vital sectors of national and international economy.
Company Name | CMP |
---|---|
Siemens | 7187.70 |
Havells India | 1810.75 |
Apar Inds | 7995.00 |
ABB India | 8385.00 |
CG Power & Indl.Soln | 654.40 |
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