ICRA upgrades long-term rating of Triveni Turbines Limited

The Rating Committee of ICRA, after due consideration, has upgraded the longterm rating to [ICRA] AA+ (pronounced ICRA double A plus), and reaffirmed the short term rating of [ICRA] A1+ (pronounced [ICRA A one plus), assigned earlier to the Rs. 584.50 crore Bank Facilities. ICRA has also assigned a shortterm rating of [ICRA] A1+ (pronounced ICRA A one plus) to the captioned enhanced bank facilities of Rs. 40.00 crore. The Outlook on the long-term rating is Stable.

Shares of Triveni Turbine Limited was last trading in BSE at Rs. 341.25 as compared to the previous close of Rs. 344.05. The total number of shares traded during the day was 302884 in over 4491 trades.

The stock hit an intraday high of Rs. 345.30 and intraday low of 339.30. The net turnover during the day was Rs. 103511112.00.

Source : Equity Bulls

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