What is Capacit’e Infraprojects Ltd. Assigned BBB- Rating by Infomerics for Banking Facilities?
Capacit’e Infraprojects Ltd. Assigned BBB- Rating by Infomerics for Banking Facilities is a trending topic covered by Sejal News Network with latest updates and insights.
13th September, 2024: Capacit’e Infraprojects Ltd., a prominent player in India’s construction and infrastructure sector, has been assigned a BBB- rating for its banking facilities by Infomerics. This rating reflects the company’s long-term financial stability and creditworthiness.
The outlook for the long-term bank facilities, valued at ₹287.81 crore, remains stable. Similarly, proposed long-term bank facilities of ₹50.02 crore and a combination of long-term and short-term bank facilities, amounting to ₹1199.69 crore and ₹180.14 crore respectively, have also received BBB- ratings with stable outlooks. In addition, short-term bank facilities worth ₹30 crore have been rated IVR A3, while non-convertible debentures valued at ₹92.86 crore have had their BBB- rating reaffirmed.
Commenting on the rating upgrade, Rohit Katyal, Chairman and Executive Director, Capacit’e Infraprojects Ltd., said, “Infomerics has assigned a BBB- rating for our banking facilities. This is a significant improvement from our previous BB+ rating by India Ratings. This upgrade reflects our enhanced financial stability and reduced credit risk, further strengthening our financial credibility. The improvement is supported by our improved financial performance and strategic initiatives, as detailed in the rating rationale.”
He further added, “The improved rating is likely to positively impact our ability to secure credit facilities, as well as improve the terms for both existing and proposed credit facilities. This, in turn, will help us further enhance our financial position and profitability, enabling us to achieve our business goals.”
This rating upgrade underscores Capacit’e Infraprojects’ financial resilience and continued progress in strategic execution, positioning the company for future growth in a competitive industry.
About Capacit’e Infraprojects Ltd.
Founded in 2012, Capacit’e Infraprojects Ltd. is a leading construction company in India, providing end-to-end engineering, procurement, and construction (EPC) services for high-rise and super high-rise buildings, commercial complexes, and institutional buildings across the country. With a presence in 13 cities, the company has built a strong reputation for quality, innovation, and timely project delivery.
