Valecha Engineering receives rating reaffirmation from CARE for its bank facilities

03 Jun 2011

Credit rating agency, CARE has reaffirmed ‘A’ rating to Rs 70 crore long term bank facilities of Valecha Engineering. The rating agency has also reaffirmed ‘PR1’ rating to Rs 465 crore short term bank facilities of the company.

The ratings continue to derive strength from the company’s long experience in the construction industry; its company’s proven engineering capabilities, its comfortable leverage position and robust growth prospects in the infrastructure sector.

Valecha Engineering is engaged in the construction of major infrastructure and engineering projects such as irrigation dams, reservoirs and canals, roads, highways and expressways, bridges and tunnels, railways, airports and foundation and piling works.

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