Godawari Power & Ispat announces ratings assigned for subsidiary - Ardent Steel

By CARE

Godawari Power & Ispat announced that CARE has revised the credit ratings for Ardent Steel, a subsidiary of the Company as under -

The ratings assigned for credit facilities of Ardent Steel -

Bank facilities - term loan - long term (Rs 151.81 crore) - CARE BB-; Stable (Revised from CARE D)

Bank facilities - fund based- long term (Rs 18.78 crore)- CARE BB-; Stable (Revised from CARE D)

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