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November 21, 2023
Agarwal noted that the government and banks are comfortable giving clearances and funding to the public sector, whereas the case is not same for the private sector entrepenuers.
November 20, 2023
Vedantaโs consolidated operating profitability for FY24 would be around earlier expectation of Rs 35,000 crore against Rs 35,250 crore in FY23, CRISIL said.
May 6, 2023
ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications.
May 5, 2023
The downgrade in the ratings of Shapoorji Pallonji and Company Private Limited (SPCPL) factors in the delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY2023, resulting in modest profitability and muted debt coverage metrics compared to ICRAs earlier estimates.The
May 5, 2023
ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications.The downgrade in the ratings of Shapoorji Pallonji and Company Private Limited (SPCPL) factors in the ...
May 5, 2023
The downgrade in the ratings of Shapoorji Pallonji and Company Private Limited (SPCPL) factors in the delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY2023, resulting in modest profitability and muted debt coverage metrics compared to ICRAs earlier estimates.The
May 4, 2023
The consolidated external debt of the company has declined by Rs 15,300 crore to Rs 21,870 crore as on December 31, 2022, from Rs 37,170 crore as on August 31, 2020, and is expected to further reduce through asset divestment, the agency said.
June 8, 2022
Further, CRISIL Ratings has also withdrawn its rating on the companyโs NCDs valued at Rs 550 crore on its successful redemption.
March 11, 2022
The rating on the short-term bank facilities has been reaffirmed at CRISIL A1+.