CRISIL reaffirms ratings of KNR Constructions’ bank facilities

27 Nov 2013

Credit rating agency, CRISIL has reaffirmed ‘A-/Stable’ and ‘A2+’ ratings on bank facilities of KNR Constructions. The ratings continue to reflect the KNR group’s strong execution capabilities and robust financial risk profile, marked by healthy capital structure and debt protection metrics.

The ratings also factor in the project risks emanating from the Walayar-Vadakkancherry project being undertaken by the company's fully owned subsidiary KNR Walayar Tollways (KWTPL) on a design-build-finance-operate-transfer (DBFOT Toll) basis.

KNR Constructions is an infrastructure development company providing engineering, procurement and construction services across various fast growing sectors, namely, roads and highways, irrigation and urban water infrastructure management.

Related KNR Construction Ltd. Links:

KNR Construction Share Price

250.10 5.00 (2.04%) Oct 30, 18:01
1 Year Price Chart
Company Name CMP
Larsen & Toubro 929.60
KEC International 325.20
Rail Vikas Nigam 18.20
NCC 33.85
Simplex Infrastruct. 29.00
View more..
Sensex vs KNR Construction
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719