Thejo Engineering rated BBB+ and A2 on debt instruments/ bank facilities by CRISIL.

Company : Tirupati Forge Limited

Thejo Engineering received reviews on debt instruments/bank facilities from CRISIL on 9th January, 2020. The total bank loan facilities of the company that has been rated amounts to Rs.112.5 Crore.

CRISIL offered its revised outlook from stable and reaffirmed rating to BBB+/ positive for long term bank facilities which amounts to Rs.52.58 crore for Thejo Engineering

For the short term debt instruments/ bank facilities of the company, CRISIL rated reaffirmed A2 rating which has been amounted to Rs.59.92 crore

Headquartered in Chennai, Thejo Engineering Limited is pioneer of conveyor belt splicing by cold vulcanizing process, in-site pulley lagging & recapping of conveyor belts and leading industrial solution provider for belt conveyor based bulk material handling systems.

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