Elecon Engineering's credit ratings reaffirmed for bank facilities

Elecon Engineering Company Limited has received confirmation that its credit ratings have been reaffirmed by ICRA Limited for bank facilities amounting to INR 400 crores, according to an announcement made on July 3, 2025. ICRA has reaffirmed the long-term/short-term rating at [ICRA]AA (Stable) / [ICRA]A1+. The ratings apply to fund-based and non-fund based facilities. The announcement outlined that these facilities include INR 170 crores from the State Bank of India, INR 70 crores from Axis Bank Limited, INR 70 crores from HDFC Bank Limited, and INR 90 crores from IDBI Bank Limited.