Globe Civil Projects Limited — Credit Ratings, 06-03-2026: Credit Rating- Revision

Acuite Ratings & Research has assigned 'ACUITE BBB+' with a 'Stable' outlook for Globe Civil Projects' long-term bank facilities and 'ACUITE A2+' for short-term facilities. The ratings reflect over two decades of operational track record, improving financials, and a robust Rs. 870 Cr order book. Challenges include working capital intensity and the tender-based nature of operations.