A CRISIL Ratings analysis of 18 large road EPC developers, with cumulative turnover of ~Rs 65,000 crore, indicates as much.
BCL Industries hit an upper circuit limit of 5% at Rs 361.95 after the company said that the commercial production at Ethanol plant of its subsidiary is expected to commence before end of financial year 2021‐22.
The rating of Basel III Tier II Bonds has been reaffirmed at BWR A+ (Stable) and Innovative Perpetual Debt Instruments reaffirmed at BWR A (Stable).
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