CARE reaffirms rating of Ahluwalia Contracts’ CP programme

Credit rating agency, CARE has reaffirmed ‘A1’ rating assigned to Rs 50 crore Commercial Paper (CP) programme of Ahluwalia Contracts (India).

The ratings continue to derive strength from the company’s experience in diversified construction activities, past track record and project execution capabilities, increasing order book position, reputed clients, comfortable margins and moderate gearing levels.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.