CARE Ratings Reaffirms Credit Ratings for Precision Wires India Ltd.'s Bank Facilities
Precision Wires India Limited has received updated credit ratings from CARE Ratings Limited concerning its bank facilities, as of August 7, 2026. The agency provided specific ratings and actions related to both the company's long-term and short-term banking arrangements.The assessment by CARE Ratings Limited focused on two major types of corporate debt financing, reaffirming the credit standing for both facilities. The data provides a clear breakdown of the amounts covered, along with their respective classifications.
The key financial details regarding Precision Wires India Ltd.'s bank facilities are presented in the table below:
| Facilities | Amount (Rs. crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 453.08 | CARE A+; Stable | Reaffirmed |
| Short Term Bank Facilities | 1644.00 | Care A1 | Reaffirmed |
The ratings confirm the status of both the long-term and short-term bank facilities for Precision Wires India Limited.
PRECWIRE Stock Price Movement
Precision Wires India Limited shares slipped by 1.42% on Friday, settling at ₹413.80. The stock recorded a volume of 391,595 shares as the market closed for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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