MoneyWorks4Me

Fitch assigns rating to J Kumar's fund and non-fund based working capital limits

12 Dec 2011 Evaluate

Fitch has assigned a ‘A-‘ and ‘A1’ rating to J Kumar Infraprojects' additional Rs 115 crore fund based working facilities and Rs 200 crore non-fund based working capital limits respectively. In a separate development, recently, the company bagged a work order worth Rs 520 crore from Uttar Pradesh Rajkiya Nirman Nigam. The order bagged was for construction of building in Rajasthan.

J Kumar Infraprojects is engaged in the business of civil engineering construction contractors in Infrastructural projects mainly in roads, flyovers, bridges, commercial and residential buildings, sports complexes, irrigation projects, airport contracts. The company also undertakes the piling of foundation work using hydraulic piling rigs for major projects which are awarded to other contractors.

Peers
Company Name CMP
Larsen & Toubro 3901.40
Kalpataru Projects 1409.25
NCC 134.55
Rail Vikas Nigam 209.15
KEC International 397.95
View more..