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The latest update is out from Bharat Forge Ltd ( (IN:BHARATFORG) ).
Bharat Forge Limited has announced that credit rating agency CARE has reaffirmed the company’s long-term bank facilities rating at CARE AA+ with a Stable outlook for an aggregate amount of ₹2,900 crore, and its short-term bank facilities rating at CARE A1+ for ₹700 crore. The non-convertible debentures rating has been withdrawn, indicating no current outstanding NCDs under review. The reaffirmation of high-grade ratings underscores the company’s strong credit profile and financial stability, which is significant for its funding flexibility and cost of capital, and may be viewed positively by lenders and investors.
More about Bharat Forge Ltd
Bharat Forge Limited, headquartered in Pune, Maharashtra, is a leading Indian engineering and manufacturing company, best known for its forged and machined components for automotive, industrial, and other sectors, serving both domestic and global markets.
Average Trading Volume: 59,063
Technical Sentiment Signal: Strong Buy
Current Market Cap: 688.3B INR
See more insights into BHARATFORG stock on TipRanks’ Stock Analysis page.