Credit rating agency, Credit Analysis & Research (CARE) has revised the ratings assigned to the bank facilities of Sanghvi Forging & Engineering. The credit rating agency has revised the long-term bank facilities to ‘BB-’ while the short-term bank facilities have been revised to ‘A4’.
Sanghvi Forgings & Engineering is an ISO 9001:2008 Certified Indian company engaged in manufacturing of open and closed die forgings products for the oil and gas, petro-chemicals, ship building, power and other sectors. It also exports to various foreign countries over the last two decades.
