Credit rating agency, CRISIL has reaffirmed ‘AA+’ rating to long term bank facilities of Ingersoll Rand (India). The rating agency has also reaffirmed ‘A1+’ rating to the company’s short term bank facilities.
The company has received the said rating on the back of its established position with strong brands in the domestic compressor manufacturing industry, and the technological and operational support that it receives from its parent Ingersoll Rand Co, USA.
The company manufactures air compressors of various capacities for the domestic and export markets. The company derives revenue from sale of reciprocating, rotary, and centrifugal compressors and spares in the domestic market, and from exports to parent and group companies.