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CRISIL reaffirms rating to Praj Industries’ long term bank loan facility

24 Apr 2013 Evaluate

Credit rating agency, Crisil has reaffirmed ‘AA/Stable’ rating to Praj Industries’ proposed long term bank loan facility and ‘A1+/ Stable’ rating to company’s Letter of Credit & Bank Guarantee. The rating agency has also reaffirmed ‘AA/Stable’ ratings to company’s Cash Credit.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.

Peers
Company Name CMP
Bharat Heavy Elect. 426.25
Thermax 3475.00
Kirloskar Industries 3682.35
Skipper 561.50
INDO-MIM 1231.70
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