Intimation of upgradation of Credit Ratings of the Company.
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Bondada Engineering Limited has received a credit rating upgrade from CRISIL. The long-term rating has been upgraded from CRISIL A-/Stable to CRISIL A/Stable, while the short-term rating has moved up from CRISIL A2+ to CRISIL A1. Additionally, the total bank facilities rated by CRISIL have been increased significantly from INR 483 crore to INR 800 crore. The company described this upgrade as a strong endorsement of its operational capabilities, consistent business growth, and financial discipline. The upgrade places Bondada Engineering among CRISIL A/Stable rated companies, reflecting improved creditworthiness.
Positive for shareholders — the upgrade signals stronger financial health and may lower future borrowing costs. The expanded rated facility limit of INR 800 crore (up from INR 483 crore) also suggests improved access to working capital and growth funding, which could support future expansion.