CARE reaffirms credit ratings of Kalpataru Power; Stock dips 1%

4 Mar 2022 , 10:40 AM

CARE Ratings Limited as a part of the annual rating surveillance exercise, vide its letter dated March 2, 2022, has reaffirmed rating of various financial facilities/ instruments of Kalpataru Power Transmission Limited, company said in a filing on Thursday.

The rating on long-term bank facilities has been reaffirmed at CARE AA; Stable. It also reaffirmed the rating on company’s long-term / short-term bank facilities at CARE AA; Stable / CARE A1+.

For the Commercial Paper programme, CARE A1+ rating has been reaffirmed and on Non-Convertible Debentures CARE AA; Stable rating was reaffirmed by CARE Ratings.

At around 10.42 am, Kalpataru Power Transmission Ltd was trading at Rs380.20 per piece down by Rs3.55 or 0.93% from its previous closing of Rs383.75 per piece on the BSE.