Credit rating agency, CARE has reaffirmed ‘A+’ rating to Sadbhav Engineering’s Long-term bank facilities worth Rs 451.50 crore which was enhanced from Rs 441.50 crore. The rating agency has also reaffirmed ‘A+/A1+’ rating to the company’s Long-term/Short-term bank facilities worth Rs 1650 crore which was enhanced from Rs 1550 crore.
The company has received the rating on the back of its established track record in the Indian road sector, demonstrated capability in timely execution of large size Build Operate-Transfer (BOT) projects and strengthened capital base.
Sadbhav Engineering (SEL) is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.
