Deepak Builders and Engineers India Ltd. Receives Credit Rating Reaffirmation from CRISIL Ratings
Deepak Builders and Engineers India Ltd. announced that CRISIL Ratings Limited has reaffirmed the credit ratings for the company’s loan facilities. The ratings, as of March 24, 2026, include a Long Term Rating of Crisil BBB+/Stable and a Short Term Rating of Crisil A2.The total bank loan facilities rated have been enhanced from Rs. 470 Crore to Rs. 637 Crore.
A detailed breakdown of the ratings is presented below:
| Total Bank Loan Facilities Rated | Rs.637 Crore (Enhanced from Rs.470 Crore) |
|---|---|
| Long Term Rating | Crisil BBB+/Stable (Reaffirmed) |
| Short Term Rating | Crisil A2 (Reaffirmed) |
Bank-wise details of the outstanding facilities are as follows:
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Fund-Based Facility | Punjab National Bank | 65 | Crisil BBB+/Stable |
| 2 | Fund-Based Facilities | HDFC Bank Limited | 15 | Crisil BBB+/Stable |
| 3 | Non-Fund Based Limit | Punjab National Bank | 2 | Crisil A2 |
| 4 | Non-Fund Based Limit | HDFC Bank Limited | 85 | Crisil A2 |
| 5 | Non-Fund Based Limit | Punjab National Bank | 423 | Crisil A2 |
| 6 | Proposed Fund-Based Bank | 0.99 | Crisil BBB+/Stable | |
| 7 | Term Loan | HDFC Bank Limited | 45.4 | Crisil BBB+/Stable |
| 8 | Term Loan | Punjab National Bank | 0.61 | Crisil BBB+/Stable |
| Total | 637 |
According to CRISIL Ratings, the ratings will remain valid until March 31, 2026. A fresh letter of revalidation will be necessary after this date.
Deepak Kumar Singal, Managing Director, holds DIN: 01562688.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.