CARE revises credit ratings of Dilip Buildcon

4 Apr 2022 , 03:35 PM

Dilip Buildcon Limited has received a revision in credit ratings for bank facilities and non-convertible debentures (NCDs) from CARE Ratings. The rating on long-term bank facilities (Rs1940 crore) has been revised to CARE A-; Stable from CARE A; Stable.

For long-term/ short term bank facilities (Rs4500 crore) – CARE A-; Stable / CARE A2+ has been revised from CARE A; Stable/ CARE A1. The rating on Non-convertible debentures (Rs300 crore) has been revised to CARE A; Stable from CARE A; Stable.

Dilip Buildcon Ltd ended at Rs252.35 apiece down by Rs0.6 or 0.24% from its previous closing of Rs252.95 apiece on the BSE.

The scrip opened at Rs256.40 and has touched a high and low of Rs257.10 and Rs251.15 respectively.