Credit rating agency, CARE has reaffirmed ‘A’ rating to IL&FS Transportation Networks’ long term bank facilities worth Rs 1137 crore, which have been enhancement from Rs 650 crore and ‘A1’ rating to Short-term Bank Facilities worth Rs 455 crore, which have been reduced from Rs 650 crore.
The rating agency has also reaffirmed ‘A/A1’ rating to company’s Long / Short Term Bank Facilities -Non-Fund Based Bank Guarantee worth Rs 620 crore and ‘A’ rating to Long-term Non Convertible Debentures worth Rs 500 crore.
The company has received the said ratings on the back of its significant experience and expertise of ITNL in surface transportation and road infrastructure development, established track record in project execution and its dominant position in the domestic road sector reflected by ownership of geographically diversified road assets with healthy mix of annuity and toll based projects.
IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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