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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 ICRA's earlier estimates.The
CRISIL has assigned the ratings for banking facilities of Oricon Enterprises Ltd.
The Indian equity market is likely to open higher today as SGX Nifty rose 306 points to 16,651. Sensex and Nifty closed higher for the second straight session on Wednesday after exit polls signaled that Bharatiya Janata Party (BJP) looked set to retain power in the key electoral battle of Uttar Pradesh. Sensex ended 1223 points higher at 54,647 and Nifty gained 331 points to 16,345. Asian Paints, Reliance Industries, Bajaj Finance and IndusInd Bank were the top Sensex gainers, rising up to 5.56 per cent.
Read more about Shahlon Silk Industries receives reaffirmation in credit ratings on Business Standard. From CRISIL
CRISIL updates on ratings of GMM Pfaudler Ltd Posted On: 2021-02-15 22:34:26 (Time Zone: Arizona, USA) CRISIL has vide letter dated February 15, 2021 rated the debt instruments/facilities of GMM Pfaudler Limited as below: Total Bank Loan Facilities Rated - Rs. 100 Crore Long Term Rating - CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') Short Term Rating - CRISIL A1+/ Watch Developing (Continues on 'Rating Watch with Developing Implications') Shares of GMM PFAUDLER LTD. was last trading in BSE at Rs.3788.15 as compared to the previous close of Rs. 36...