H.G. Infra Engineering Limited has informed the Exchange about Credit Rating
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ICRA Limited has reaffirmed and assigned credit ratings to H.G. Infra Engineering's bank facilities. The long-term fund-based cash credit limit was enhanced from Rs. 400 crore to Rs. 700 crore with a rating of [ICRA]AA- (Positive). The long-term/short-term non-fund-based bank guarantee limit was raised from Rs. 2,600 crore to Rs. 3,800 crore, carrying a rating of [ICRA]AA- (Positive)/[ICRA]A1+. Total rated facilities grew from Rs. 3,000 crore to Rs. 4,500 crore. The ratings were reaffirmed, not downgraded, and the Positive outlook suggests ICRA sees room for further improvement.
Positive for shareholders — the reaffirmed AA- rating with a Positive outlook and 50% expansion in total credit limits (from Rs. 3,000 Cr to Rs. 4,500 Cr) signals strong lender confidence and improved borrowing capacity, which can support business growth and reduce future funding costs.