Credit rating agency, CARE Rating has assigned BBB+ rating to long term bank facilities worth Rs 50 crore of Transformers and Rectifiers (India). The rating agency has also reaffirmed A3+ rating to the company’s short term bank facilities worth Rs 70 crore.
Transformers and rectifiers (India) is one of India’s leading transformer manufacturers. The company is the main supplier of transformers to the Sardar Sarovar Hydel project, state electricity boards and major international clients.