CRISIL has assigned ‘A3’ rating to Surana Telecom and Power’s Bank Guarantee worth Rs 8.0 crore and Letter of Credit worth Rs 3.0 crore. The rating agency has also assigned ‘BBB-/ Stable’ rating to company’s Cash Credit worth Rs 2.5 crore, Long Term Loan worth Rs 25.0 crore and proposed long term bank loan facility worth Rs 8.5 crore
Surana Telecom & Power was engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits. In the year 2007, the company diversified into the power sector with the manufacturing of low tension and high tension power cables and setting up a 1.25 MW wind power generation plant.
