Latest Breaking News On - Infraprojects limited - Page 6 : comparemela.com

Mumbai (Maharashtra) [India], September 30 (ANI/PRNewswire): Capacit'e Infraprojects Limited (CIL), a fast-growing construction company providing end-to-end services for residential, commercial and institutional buildings with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, National Capital Region (NCR), Varanasi, Kochi, Hyderabad and Bengaluru, announced that India Ratings and Research (Ind-Ra) has upgraded their Long-Term Issuer Rating to 'IND BBB+' from 'IND BBB' and the outlook is Stable. As per the rating agency the key rating drivers were: Improved Operational Performance and Credit Metrics: CIL's order execution pace, which was impacted due to the COVID-19 outbreak in FY21, picked up in FY22, leading to a rise in the consolidated revenue to INR13.34 billion (FY21: INR8.8 billion). The consolidated EBITDA margin also increased to 16 per cent in FY22 from 15.5 per cent in FY21. The execution pace continued during 1QFY23, resulting in CIL clocki

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