CARE reaffirms ratings to Shriram EPC’s bank facilities

21 Feb 2014

Credit rating agency, CARE has reaffirmed  ‘BBB-’ rating to Shriram EPC’s long term bank facilities worth Rs 821.55 crore and ‘A3’ rating to company’s Short term Bank Facilities worth Rs 200.00 crore.  

The rating agency has also reaffirmed ‘BBB-/ A3’ rating to company’s rating to Long-term/Short-term Bank Facilities worth Rs 1,387.00 crore.

The company has received the ratings on the back of its improvement in PBILDT margin in the recent years, expected infusion of long term funds by the group in the immediate term and the sizeable & diversified order-book position of the company.

Shriram EPC is one of the leading  service providers  of the integrated designs, engineering, procurement, construction and  project management services  for power plants, renewable  energy projects, process and metallurgical plants and municipal service sector projects throughout India and overseas.

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