CARE reaffirms rating of Era Infra Engineering’s CP programme

Credit rating agency, CARE has reaffirmed rating of Rs 600 crore (enhanced from Rs 400 crore) Commercial Paper of Era Infra Engineering.

The ratings continue to derive strength from experienced promoters and management team, strong growth in business over the years, comfortable liquidity position characterized by unutilized working capital limits, experience in diversified construction activities and reputed clientele.

Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.