India Flash News
Agency News

Capacit’e Infraprojects Ltd. Assigned BBB- Rating by Infomerics for Banking Facilities

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.

Related posts

Dhanveer Singh: A Rising Star Shining Bright in Bollywood and Punjabi Cinema

Startup Primedeals IN Gains Traction on Social Media

GREY GOOSE Vive Le Voyage unveils a collection of limited-edition Bar Accessories 

Big Leap towards Affordable Housing for All: Habitat for Humanity and Partners host M-Sand Innovation Challenge Award Ceremony

Is She the Next Big Thing? Meet Shatakshi Sharma, The New Punjabi Pop Queen

MangoFolks by Konkan Estate Reaches a Major Milestone in Community Farming