Bajel Projects maintains strong credit ratings, boosts loan facilities

Bajel Projects Limited has received a reaffirmation of its credit ratings from CRISIL Ratings Limited, maintaining a "Crisil A/Stable" for long-term facilities and "Crisil A1" for short-term facilities. This update reflects the company's sustained financial health.

The company's total bank loan facilities have also been enhanced to INR 3000 Crore, up from the previous INR 2500 Crore. This increased capacity will support future operations and growth initiatives. The reaffirmed ratings cover a diverse range of fund-based and non-fund-based facilities across multiple banks.

The reaffirmation, which falls under Regulation 30 of the SEBI Listing Regulations, underscores Bajel Projects' stable financial outlook and access to capital, indicating a positive assessment of its creditworthiness by CRISIL Ratings.