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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. 428.50
Thermax 3286.75
Kirloskar Industries 3454.95
Skipper 521.65
INDO-MIM 1193.95
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