Garuda Construction and Engineering Limited — Credit Ratings, 01-04-2026: Credit Rating- New

Infomerics has assigned Garuda Construction an initial credit rating of 'IVR BBB+/Stable' for long-term bank facilities and 'IVR A2' for short-term. This rating reflects its strong Rs 4,336.72 Cr order book, robust capital structure from a Rs 173.85 Cr equity raise, and low debt. Challenges include potential project delays and non-cash project payments. #CreditRating #GARUDA