Giriraj Civil Developers Limited — Credit Ratings, 07-03-2026: Credit Rating- New

India Ratings (Ind-Ra) has assigned a 'IND BBB'/Stable/IND A3+ rating to Giriraj Civil Developers' bank loan facilities worth INR 80 Crore. This rating reflects the company's growing operations, healthy order book (INR 992.70 Crore), and comfortable credit metrics. However, challenges like stretched liquidity and intense competition were noted. The Stable outlook suggests the rating is expected to remain unchanged.