2026-06-04 01:48:18
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Stock Report
Infomerics Ratings upgrades Credit Rating of Patel Engineering Ltd
Posted On : 2026-06-03 22:08:44( TIMEZONE : IST )
Patel Engineering Limited ("PEL" or "the Company"), a leading infrastructure and construction company, is pleased to announce that Infomerics Ratings has upgraded the company's credit ratings, reflecting the company's strong financial performance, improved liquidity profile, and robust business fundamentals. The long-term rating has been upgraded from A- to A, while the short-term rating has been upgraded from A2+ to A1.
This upgrade highlights Patel Engineering's consistent operational excellence, disciplined financial management, and its ability to deliver complex projects across diverse sectors including dams, tunnels, hydroelectric power, irrigation, and urban infrastructure. The improved ratings are expected to further enhance the company's credibility with stakeholders and strengthen its access to capital markets.
Mr. Rishi Vyas, Head of Finance at Patel Engineering Limited, said: "We are delighted with the rating upgrade by Infomerics, which is a strong endorsement of our financial resilience and operational capabilities. Over the past few years, we have focused on strengthening our balance sheet, optimizing cash flows, and maintaining a healthy order book across strategic projects. This recognition validates our efforts and reinforces our commitment to sustainable growth. The upgraded ratings will not only boost stakeholder confidence but also enable us to pursue larger opportunities in the infrastructure sector with greater financial flexibility. We remain dedicated to delivering long-term value to our shareholders, clients, and partners while contributing meaningfully to India's infrastructure development."
Patel Engineering Ltd. continues to build on its legacy of engineering excellence and remains committed to executing projects that drive economic progress and improve quality of life across communities.
Shares of Patel Engineering Limited was last trading in BSE at Rs. 26.35 as compared to the previous close of Rs. 26.24. The total number of shares traded during the day was 144701 in over 559 trades.
The stock hit an intraday high of Rs. 26.85 and intraday low of 25.86. The net turnover during the day was Rs. 3774936.00.
