CARE reaffirms ratings of Tantia Constructions’ bank facilities

11 Feb 2014 Evaluate

Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Tantia Constructions’ Long term bank facilities worth Rs 285 crore. The rating agency has also reaffirmed ‘BB+/A4+’ rating to the company’s Long-term/Short-term bank facilities worth Rs 610 crore.

The ratings assigned to Tantia Constructions (TCL) continue to be constrained by the high overall gearing ratio, elongation in the operating cycle and increase in exposure to the group companies. The ratings also factor in the moderate financial performance in FY13 (refers to the period April 1 to March 31) and H1FY14.

Tantia Constructions is engaged in all types of civil construction activities. It has a pan-India presence through its four regional offices and 45 site offices.

Tantia Constructions Share Price

39.79 -3.91 (-8.95%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3630.60
Rail Vikas Nigam 433.00
NCC 287.25
KEC International 1232.00
Kalpataru Projects 1275.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.