Bondada Engineering Limited has received a credit rating upgrade from CRISIL Ratings, with its long-term credit rating revised to CRISIL A+/Stable from CRISIL A/Stable, reflecting the company’s strengthening financial profile, execution capabilities, and business growth. The short-term credit rating has been reaffirmed at CRISIL A1.
In addition to the rating upgrade, the company’s total banking facilities have been enhanced from ₹800 crore to ₹2,000 crore, indicating stronger banking relationships and an expanding scale of operations. The upgraded rating positions Bondada Engineering as a CRISIL A+/Stable-rated company, strengthening its financial standing in the market.
According to the company, the rating upgrade is supported by its improving financial profile, consistent execution across infrastructure and renewable energy projects, a healthy order book, prudent financial management, strong liquidity position, and long-term commitment to sustainable growth and stakeholder value creation.
Bondada Engineering said the revised rating is expected to enhance its credibility with lenders, financial institutions, customers, and business partners while strengthening its ability to support future growth initiatives.
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