Credit rating agency, CARE has reaffirmed ‘BB+’ rating to SPML Infra’s Long-term bank facilities worth Rs 2,235.63 crore. The rating agency has also reaffirmed ‘A4+’ rating to the company’s Short-term bank facilities worth Rs 450 crore.
The company has received the ratings on the back of its experience promoters, long track record of the company and satisfactory revenue visibility in view of healthy order book position. Improving profitability, managing working capital effectively, timely receipt of contract proceeds and ability of the group & subsidiary companies to yield commensurate returns would remain the key rating sensitivities
SPML Infra is a single source solution provider for various multi disciplinary engineering and infrastructure services from conceptualization to maintenance in water, power, environment and infrastructure projects.
